Seattle Magazine reports that the average income of its readers is $240,000.
Is the median wealth of these readers greater or less than $240,000? Why?
The median is greater than $240,000 because average income is deflated by the relatively few number of
individuals who have much lower incomes than average.
The median is greater than $240,000 because average income is inflated by the relatively few number of individuals
who have much higher incomes than average.
The median is less than $240,000 because average income is deflated by the relatively few number of individuals
who have much lower incomes than average.
The median is less than $240,000 because average income is inflated by the relatively few number of individuals
who have much higher incomes than average.
