Statistics Canadas National Housing Survey shows that, in 2013, median individual income was $27,600, 10% of individuals
Question:
Statistics Canada’s National Housing Survey shows that, in 2013, median individual income was $27,600, 10% of individuals made more than $80,400, and the top 1% got more than $191,100. Why does Statistics Canada report the median earnings instead of the mean or mode of the earnings? What would be the appropriate measure for the spread of this earnings distribution?
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The fact that 1 earned over 191100 implies that the dist...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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