Posted by ami on .
a report on the assets of american households says that the median net worth of the U.S. families is $120,300. The mean worth of these families is $556,300. What explain the difference between these two measures of center?
Stor 155 -
The median worth is the number in the middle when all net worths are arranged from lowest to highest.
The median is the average. This tells me that there are many households with very high net worth.