# Question

An economist wishes to summarize sample data from 26 metropolitan areas in the United States. The following table lists a portion of each area’s 2010–2011 median income as well as the monthly unemployment rate and average consumer debt for August 2010; the entire data set, labeled Debt_Payments, can be found on the text website.

Use Excel to compute the summary measures of income, the monthly unemployment rate, and average consumer debt. Interpret these summary measures.

Use Excel to compute the summary measures of income, the monthly unemployment rate, and average consumer debt. Interpret these summary measures.

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