According to MarketWatch, the mean net worth of all individuals in the United States in 2016 was $692,100, while the median net worth was $97,300.
(a) Which measure do you believe better describes the typical individual’s net worth? Support your opinion.
(b) What shape would you expect the distribution of net worth to have? Why?
(c) What do you think causes the disparity in the two measures of central tendency?