Question

According to a Credit Suisse Survey, the mean net worth of all individuals in the United States in 2014 was $301,000, while the median net worth was $45,000. Which measure do you believe better describes the typical individual’s net worth? Support your opinion.

Answer 1

Answer:

Here the most widely recognized proportion of focus is the number-crunching normal or the mean and the middle is the midpoint of a conveyance the number with the end goal that half of the perceptions are littler and another half if the perceptions are bigger.

In precise circulation, both mean and middle are same, however in the event that the appropriation is slanted, the mean is further away in a long tail than the middle.

The dissemination of total assets is as far as anyone knows right slanted in light of the fact that 301000 is a lot higher than 45000. Hence for slanted conveyance, middle is best proportion of focal inclination.