Concept selected: Median
- Definition
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This is the value which, listing all individuals from the least income to the greatest income, leaves half of them below said value, and the other half of them above it. Therefore, as this is a relative measurement, its value depends on the income level, and on how income is distributed among the population. Therefore, it increases or decreases in line with the median income.
- Source
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Living Conditions Survey (LCS). Methodology
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated
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There are no related concepts