Question: A U S Federal Reserve study calculated the mean and median
A U.S. Federal Reserve study calculated the mean and median incomes for 2007 for each of the different income groups represented in the table.
Why does the disparity between mean and median income get larger as income gets larger?
Answer to relevant QuestionsThe Heights data file on the text CD has heights for female and male students (in inches). For males, the mean is 70.9 and the standard deviation is 2.9. For females, the mean is 65.3 and the standard deviation is 3.0. a. ...According to Statistical Abstract of the United States, 2006, average salary (in dollars) of secondary school classroom teachers in 2004 in the United States varied among states with a five-number summary of: minimum = ...The cereal sodium values have a mean of 167 and a standard deviation of 77.3. Find the z -score for the cereal that has a sodium value of 0. Interpret. a. The mean, median, and mode can never all be the same. b. The mean is always one of the data points. c. When n is odd, the median is one of the data points. d. The median is the same as the second quartile and the 50th ...Stub Hub is a popular Web site where fans can buy and sell tickets to concerts and sporting events. Below are data representing the amounts (in dollars) that buyers using StubHub spent on Super Bowl XLV tickets? a. Construct ...
Post your question