Question: The Federal Reserve Survey of Consumer Finances reported that median

The Federal Reserve Survey of Consumer Finances reported that median household net worth was $91,700 and mean household net worth was $421,500 in 2001. Explain how it is possible for the median net worth to rise 5% from 2001 to 2009 (see the prior question) but mean net worth to rise by 14%.

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  • CreatedJuly 14, 2015
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