On Tue, Feb 05, 2008 at 02:27:00PM -0800, Jordan Hayes wrote:
> Michael Perelman writes:
>
> > A millionaire, a billionaire, and a homeless person represent
> > our sample. The millionaire has less then the average income.
>
> Funny that you corrected the math but blew the distinction between
> income and wealth :-)
>
> It could very well be the case that the millionaire in this sample has
> the only income of the three ... we simply don't know.
>
> /jordan
> Feeling like a hundredaire today ...
>
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com