Because this is across all educational levels.Why this chart 5k nia for 40s?

TS' title where he mentioned 10k per month is only for degree level.

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- Thread starter Strained
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Because this is across all educational levels.Why this chart 5k nia for 40s?

TS' title where he mentioned 10k per month is only for degree level.

Your example for median salah.The median is the middle number, which always depends on how high is the top number.

If top number for degree holder is $30,000 for people in the 40s, then its median salary will be $15,000....what does that number mean to you? Nothing.

Let me help you with a better example.

If 3 people have income of $100, $500 and $1m. The median would be $500.

You cannot just take 30k and divide by 2. It doesn't work this way.

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i still maintain that SGX stocks not worth it.That reply from me was purely sarcastic, since got one EDMWer who apparently knows it all.

unless you have massive amount of cash and want to earn dividend, its ok.

but as a wealth accumulator, its useless.

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They are dumb edmwers here. So be gracious lolMedian and Mean also dunno.... lets just close the thread bah. lol

This discussion is pointless.

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He is so confused... lolYour example for median salah.

Let me help you with a better example.

If 3 people have income of $100, $500 and $1m. The median would be $500.

You cannot just take 30k and divide by 2. It doesn't work this way.

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agree.....Median and Mean also dunno.... lets just close the thread bah. lol

This discussion is pointless.

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The median is the middle number, which always depends on how high is the top number.

If top number for degree holder is $30,000 for people in the 40s, then its median salary will be $15,000....what does that number mean to you? Nothing.

Heng ah Heng… Mai luan luan pom leh

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Median is the income of the middle person.

What you described was average not median.

So if 3 person have salary of $500, $1000 and $1m. The median would be $1000. But the average would be 335k.

If 100 person earn exactly $2000

Another 100 person earn exactly $18000

What is the median?

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Median is $2000If 100 person earn exactly $2000

Another 100 person earn exactly $18000

What is the median?

Mean is not $2000 but close

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Omg... lolMedian is $2000

Mean is not $2000 but close

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This logic is remarkable. You obviously don't know what median is and yet you can still be bothered to try to "explain". If there are 3 people we are talking about here with monthly incomes of $1000, $2000 and $1 million, the median here is still $2000 so please educate me as to how the median is affected by the top number? By your logic, the median in my example will be $500,000???The median is the middle number, which always depends on how high is the top number.

If top number for degree holder is $30,000 for people in the 40s, then its median salary will be $15,000....what does that number mean to you? Nothing.

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Lol I thought Singapore supposed to be one of the best in the world in mathematics. Clearly most EDMWers never go to school.Omg... lol

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If there are 200 people. The median would be the 100 (2k) and 101 (18k) person divided by 2. So it would be 20k/2 = 10kMedian is $2000

Mean is not $2000 but close

Are you sure? And I think you are referring to STI not SGX. You do know that there are put warrants for STI which you can buy on SGX itself right?there is a reason why sgx cannot short....

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It would be interesting to see what are the average and mode.

Median is the middle number in a set of numbers.

Median is the middle number in a set of numbers.

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You think too highly of our civil servants. Most of them are in it for the money and stability, it is simply a job to the vast majority of them. There is however, also nothing wrong with this. Why should we expect others to go above and beyond simply because they work in the government?Tbh no point dreaming about AO pay also. If you join civil service for the money, you won't rise very far. It takes a special kind of interest and personality to excel in that kind of environment.

Whether one can rise far or not, just like in any other jobs depends on your personal qualities, work ethics, political acumen and some luck. For the civil service, however there is this additional factor of whether one is a scholar and in the old boy's club. CCS was simply talking out of his ivory tower ass.

The answer would be 10k.If 100 person earn exactly $2000

Another 100 person earn exactly $18000

What is the median?

But it is nearly impossible to have 100 people earn exactly the same and another 100 earn exactly the same in any sampling.

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Median is $10K. Since the population size is even, there will be 2 numbers in the middle which is $2000 and $18000. The median is that case is the mean of the two numbers = ($2000 + $18000) / 2 = $10,000.If 100 person earn exactly $2000

Another 100 person earn exactly $18000

What is the median?

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