From the course: Everyday Statistics, with Eddie Davila

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Salaries

Salaries

- [Instructor] Trying to pick a career? While passion, happiness, and excitement may drive you, perhaps you're also interested in the paycheck. So if getting paid is important to you, which are the best-paying jobs? Well, as any statistician would likely tell you, it sort of depends on what you mean. One site lists these as the jobs with the highest average salaries based on US government data. As you can see, it's a very healthcare-oriented list. Still, another site that is focused on rating employers and gathering employment data presents a slightly different list. This one, with median salaries, instead of average salaries. Not very similar to our previous list. So why the difference? Well, in interpreting any set of statistics, it's important to consider the methods used in developing the list. In this case, I wonder about the data pools. One was government data, one seemed to be pulled from companies and their employees. In addition, we need to consider the different careers. In…

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