Question: Let us consider the following data set: Units in one hundred thousands 0.7.0.8,0.9,1,1.1.,1.2,1.3,1.4,1.8.,2.0,500000 Should we include the 500000 in our calculations (which calculations?) Why or

Let us consider the following data set:

Units in one hundred thousands

0.7.0.8,0.9,1,1.1.,1.2,1.3,1.4,1.8.,2.0,500000

Should we include the 500000 in our calculations (which calculations?) Why or why not?

The above is a very small (simulated) sample of household income in a suburb of Seattle where Bill Gates lives. It happens that he was randomly selected and included in the sample!

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