Quote:
Originally Posted by AmeliaG
Here is a super good video which explains what an average is and how you would do the math to arrive at an average:
Fewer than 12% of Americans have ANY graduate degree. So anyone with an MBA (a graduate degree), by definition, has a higher level of education than 88% of the population. That is above average.
According to the Census, 76.5% of Americans are adults and the population is approximately 316,128,839. 76.5% of 316,128,839 is 241,838,561 adults.
11.57% of adults having a graduate degree out of 241,838,561 is 27,980,721. Do you think we have 27 million CEOs in this country? We certainly do, if you are counting the guy down the street who owns the block donut shop and the webmaster who earns affiliate income without having to go to an office. I don't think that is what you mean by CEO though.
If you are talking about the number of people with MBA degrees versus the number of people who become CEO of a large corporation, the percentage who become CEO is tiny. Hence here again CEOs are not average. |
I took plenty of stat courses in college. I also took a upper level math course or 2 on linear algebra, which is used in probability and statistics, albeit at a much higher lever.
Here's a cool video on linear algebra
Your census #s comparison to CEOs shows why you're off track from my initial post which was re: basic math, statistically speaking, most MBA grads have an average level of understanding/education and training, that's due to the largest group of CEOs being educated and the largest group of educated people graduate with average grades.
If you have any evidence that suggests that CEOs graduate with higher grades (in any field of study) than non-CEOs, I would be happy to read it.