Question: Suppose you are given the following information regarding a study of resident's incomes in a small town in New Jersey: Mean Income: $54,378 Median Income:

Suppose you are given the following information regarding a study of resident's incomes in a small town in New Jersey:

Mean Income: $54,378

Median Income: $97, 384

How might you explain the difference between the Mean and the Median, and what might it suggest about the distribution of wealth in the town?

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