Question: An economist wishes to summarize sample data from 26 metropolitan

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.


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  • CreatedJanuary 28, 2015
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