Question: A survey that collected demographic data from respondents asked them to categorize their annual incomes (in thousands of dollars) into the groups in the following
A survey that collected demographic data from respondents asked them to categorize their annual incomes (in thousands of dollars) into the groups in the following table. The number of respondents for each income group is also shown in the table.
Income Number of Respondents
$ 20 to under $ 30 ……………. 67
$ 30 to under $ 40 …………… 111
$ 40 to under $ 50 …………… 125
$ 50 to under $ 60 …………….. 21
$ 60 to under $ 70 …………… 38
a. Calculate the approximate average income of the respondents.
b. Calculate the approximate variance and standard deviation of the incomes of the respondents.
Step by Step Solution
3.42 Rating (165 Votes )
There are 3 Steps involved in it
Income 20 to under 30 30 to under 40 40 to under 50 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
483-M-S-N-S (948).docx
120 KBs Word File
