Spehro Pefhany wrote:
On Wed, 15 Dec 2010 05:34:34 -0600, the renowned flipper
wrote:



My all time favorite is a true story that hit the 'news' a number of
years back. A shocking 'scientific study' revealing that 50% of our
school kids scored below average on standardized tests.

ROTFLMAO

Ya like that one, eh?

So did I.

Does make one wonder what percentile the author was in.

Yet way more than 50% of people make less than average income and way
more than 50% have less than 50% of the average net worth.


Income and wealth are not arranged in a normal distribution.

http://en.wikipedia.org/wiki/Pareto_distribution

For example, the US the median household net worth was only $55K in
2000, but the average was $182K.

http://www.census.gov/prod/2003pubs/p70-88.pdf


Best regards,
Spehro Pefhany

--
Les Cargill