Comment by ngc248
4 years ago
"If bill gates gets on a bus, on an average everyone in the bus is a billionaire". Read this somewhere and this made me understand why just the average on its own does not say anything.
4 years ago
"If bill gates gets on a bus, on an average everyone in the bus is a billionaire". Read this somewhere and this made me understand why just the average on its own does not say anything.
I would agree that on average each bus rider has a billion dollars, but I can't find away to justify that each person is a billionaire on average. Maybe it is because money is continuous whereas billionaire status is binary, so averaging it out doesn't really make sense.
Then the opposite would be true (and equally nonsensical). If billionaire is a binary status, then Gates, Musk, and Bezos could get on a bus, and on average there are no billionaires on the bus.