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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Metropolitan Area Washington, D.C.$103.50 Seattle Income (in $1,000s) Unemployment Debt $1,285 1,135 6.3% 81.70 8.5 Pittsburgh 63.00 8.3 763