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<p>Actually, the most common value is the mode, not the median. The median is the middle value. I.e. if you sorted everyone’s income and took the value exactly in the middle, you get the median.</p>
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<p>Actually, the most common value is the mode, not the median. The median is the middle value. I.e. if you sorted everyone’s income and took the value exactly in the middle, you get the median.</p>