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RE: Finance of Curation

in Finance and Economy5 months ago

If the distribution is log-normal, and in this case it is. I like Median as a better distribution than mean.

Look at this data for example

image.png

Mean is way too high because of the two high data points. Median is more representative of the sample. It is always the case for a log normal distribution.

If I plot the data as a probability density function and do a log-normal fit, you can see why median is better

curators_KE_prob_density.png