The Board of Governors of the Federal Reserve System publishes information on family net worth in the
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The Board of Governors of the Federal Reserve System publishes information on family net worth in the Survey of Consumer Finances. In 2010, the mean net worth of families in the United States was $498.8 thousand and the median net worth was $77.3 thousand. Which measure of center do you think is more appropriate? Explain your answer.
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According to the data provided the median is mo...View the full answer
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