The accompanying data file shows, among other variables, median household income and median house value for the
Question:
a. Compute and discuss the range of household income and house value.
b. Compute the sample MAD and the sample standard deviation of household income and house value.
c. Discuss why we cannot directly compare the sample MAD and the standard deviations of the two data sets.
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a Range of household income70647 3788132766 Range of house value53740094500442900 b ...View the full answer
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Related Book For 
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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