Question: 7.6. The U.S. Census Bureau reported that in 2002 the median net worth in the U.S. was estimated to be about $89,000 for white households

7.6. The U.S. Census Bureau reported that in 2002 the median net worth in the U.S. was estimated to be about $89,000 for white households and $6000 for black households.

(a) Identify the response variable and the explanatory variable.

(b) Compare the groups using a (i) difference,

(ii) ratio.

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