Listed below are the 2012-2017 Census Bureau estimates of median household income for the 50 states, the
Question:
Listed below are the 2012-2017 Census Bureau estimates of median household income for the 50 states, the District of Columbia, and Puerto Rico. https://www.census.gov/programs-surveys/acs/.
Use a statistical software package such as Excel or Minitab to help answer the following questions.
a. Determine the mean, median, and standard deviation.
b. Determine the first and third quartiles.
c. Develop a box plot. Are there any outliers? Do the amounts follow a symmetric distribution or are they skewed? Justify your answer.
d. Organize the distribution of funds into a frequency distribution.
e. Write a brief summary of the results in parts a to d.
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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