What is the difference between average package and median package in IIMs?
147 Views|Posted 7 years ago
Asked by Hardik Agarwal
1 Answer
Answered by
7 years ago
Hello,
An average salary or arithmetic means figured by selecting a group of people with similar profiles, adding up their salaries, then dividing this number by the total number of people in the group. Average salary = Sum of all salaries/total number of Similar Profiles.
A median is also known as
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