Suppose you are given the following information regarding a study of resident's incomes in a small town
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Question:
Suppose you are given the following information regarding a study of resident's incomes in a small town in New Jersey:
Mean Income: $54,378
Median Income: $97, 384
How might you explain the difference between the Mean and the Median, and what might it suggest about the distribution of wealth in the town?
Related Book For
University Physics with Modern Physics
ISBN: 978-0321501219
12th Edition
Authors: Hugh D. Young, Roger A. Freedman, Lewis Ford
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