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Re: JPG77 post# 209759

Tuesday, 05/31/2022 7:37:17 AM

Tuesday, May 31, 2022 7:37:17 AM

Post# of 233147

So, you now admit it takes less than 2 years! Now that wasn't so difficult!
Btw - the "median" isn't the same as "average", but anyone who's had a class in statistics knows that, right?



Thanks for answering my points, because that’s exactly why I am correct:

Their best median over 5 years was … a couple months short of 2 years. That was their best. The 4 other years were higher. And since then they took the COVID hit. Hence why 2 years is the best bet we could have. And probably a bit short!

And yes for such fat-tailed (on the right) distribution, the median is different from the mean. It’s smaller. So their mean is above 2 years. LOL!

So I was nice I rounded this at a conservative « 2 years ». In reality it should be even higher.

Thanks for your help!
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