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RunsLikeAGirl
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Joined: 01 Apr 2003
Posts: 1499
Location: Upstate.
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 Posted: 08/18/03 - 14:15 Post subject:
| blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | yeah, but who wants the starting average anyways? |
Me!
I think this is misleading - it would be a more accurate account if the chart was of the median rather than the average. All it takes is a few high-paying jobs to skew that number. I could see that being a starting salary for a PHD ChemE, possibly even an MS, but not just a BS. |
yay for math! the median is the most frequently occuring number if i recall correctly.
so far my diploma has set me back 2G's... |
actually the median is the value in the exact middle of the data... |
*shrugs* lol it's been a year since i've dealth with "those" words.  but wouldn't it make more sense to list the number that most people got paid? |
Yes, it would. 
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Sandy Cheeks
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Joined: 14 May 2002
Posts: 4605
Location: in the city that never sleeps
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Posted: 08/18/03 - 14:21 Post subject:
Ugh. I can actually feel myself going bankrupt.
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TimRuns
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Joined: 11 May 2003
Posts: 10062
Location: Coquitlam, British Columbia
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Posted: 08/18/03 - 15:10 Post subject:
| Sandy Cheeks wrote: | | Ugh. I can actually feel myself going bankrupt. |
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blue
your favorite weapon
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Joined: 21 May 2002
Posts: 7010
Location: armed and ambitious
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Posted: 08/18/03 - 15:39 Post subject:
| RunsLikeAGirl wrote: | | blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | yeah, but who wants the starting average anyways? |
Me!
I think this is misleading - it would be a more accurate account if the chart was of the median rather than the average. All it takes is a few high-paying jobs to skew that number. I could see that being a starting salary for a PHD ChemE, possibly even an MS, but not just a BS. |
yay for math! the median is the most frequently occuring number if i recall correctly.
so far my diploma has set me back 2G's... |
actually the median is the value in the exact middle of the data... |
*shrugs* lol it's been a year since i've dealth with "those" words. but wouldn't it make more sense to list the number that most people got paid? |
Yes, it would. |
and that's the mode right? ...so does that make it the middle number too? heheheh i just got my math text today. i've already started brushing up.
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airehead
Oompa Loofah
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Joined: 12 Nov 2002
Posts: 18788
Location: Between here and eternity...
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Posted: 08/18/03 - 15:40 Post subject:
| Sandy Cheeks wrote: | | Ugh. I can actually feel myself going bankrupt. |
The program I want to finish my degree in costs $12k. (And that's only because most of my degree is done) Although it's a field I'd really enjoy, the costs just don't outweigh the payback once I get the degree. So, I am at a re-evaluation point. Mr Aire is supah generous and said to go for it, but I don't want to be saddled with that kind of debt on top of him finishing his master's and Colin heading to college in five/six years.
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RunsLikeAGirl
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Joined: 01 Apr 2003
Posts: 1499
Location: Upstate.
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Posted: 08/18/03 - 15:53 Post subject:
| blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | RunsLikeAGirl wrote: | | blue wrote: | | yeah, but who wants the starting average anyways? |
Me!
I think this is misleading - it would be a more accurate account if the chart was of the median rather than the average. All it takes is a few high-paying jobs to skew that number. I could see that being a starting salary for a PHD ChemE, possibly even an MS, but not just a BS. |
yay for math! the median is the most frequently occuring number if i recall correctly.
so far my diploma has set me back 2G's... |
actually the median is the value in the exact middle of the data... |
*shrugs* lol it's been a year since i've dealth with "those" words. but wouldn't it make more sense to list the number that most people got paid? |
Yes, it would. |
and that's the mode right? ...so does that make it the middle number too? heheheh i just got my math text today. i've already started brushing up. |
Mode - yes, I believe so. But it's not necessarily the middle number.
Example: 1 2 3 4 5 10 10 10 10
The average would be 6.1, the mode would be 10, but the median is 5.
I'm a dork, and that's ok.
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blue
your favorite weapon
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Joined: 21 May 2002
Posts: 7010
Location: armed and ambitious
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Posted: 08/18/03 - 16:38 Post subject:
| RunsLikeAGirl wrote: |
Mode - yes, I believe so. But it's not necessarily the middle number.
Example: 1 2 3 4 5 10 10 10 10
The average would be 6.1, the mode would be 10, but the median is 5.
I'm a dork, and that's ok. |
ah. so it could very well be that salary most people get paid is the highest, with the rest of the office making less then you.
lets just accept the fact that aforemention "ranking" is poorly concieved, and call it a day 
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