Barbara K Iverson

Journlism Students: Why is it important to have a grasp of summary statistics? The average you read about may not mean what you assume…

A Touch of Class
By PAUL KRUGMAN

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A liberal and a conservative were sitting in a bar. Then Bill Gates walked in. “Hey, we’re rich!” shouted the conservative. “The average person in this bar is now worth more than a billion!” “That’s silly,” replied the liberal. “Bill Gates raises the average, but that doesn’t make you or me any richer.” “Hah!” said the conservative, “I see you’re still practicing the discredited politics of class warfare.”