Question: Using Excel, find the mean, median, standard deviation, and variance of her past real income. Explain the meaning of these statistics. Can you use the

Using Excel, find the mean, median, standard deviation, and variance of her pastreal income. Explain the meaning of these statistics. Can you use the mean income to forecast future earnings? Take into account both statistical and non-statistical considerations.

Total	466,562
Mean	31,104
Median	30,993
Standard Deviation	477.44
Sample Variance	227,951.01

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