Saturday, December 5, 2009

A Stupendous (and Absurd) Statistic

If you think things are bad in France, try Britain, which, according to Le Nouvel Obs, has achieved a mathematically unprecedented level of distress:

Ruinées par la chute de l'immobilier, qui donne souvent à leur maison une valeur inférieure à leur dette, rendues enragées par l'écart croissant entre leur niveau de vie et celui des super-riches épargnés par la crise, alors que 60% de la population vit au-dessous du revenu médian, les classes moyennes se rebiffent.


Since by definition 50% of any population is below the median and 50% above, one has to conclude that things have gone really haywire in Britain at Le Nouvel Obs (h/t Arthur Charpentier).

7 comments:

Anonymous said...

that's the most weighted average I've ever come across since Lake Wobegon where all the kids were above average...lol


Chris P.

Anonymous said...

No, the median and the average are not the same thing.

Domino

Unknown said...

Anonymous, Indeed, the median and the mean are not the same, but to say all members of a population are above average is just as absurd as to say that more than half are below the median.

James Conran said...

60% of median income is a commonly used benchmark for relative poverty, maybe this started out as a statistic about poverty rates and got badly jumbled along the way to produce this amusing result. Numbers tend not to be many journalists' strenght methinks.

FrédéricLN said...

Indeed, France will NEVER go as badly as that. How comforting!

Leo said...

May be the Nouvel Obs is a bellow average publication.

Unknown said...

Art,
on average I agree with you 200% as East Germans used to say.