Each year Money magazine publishes a list of “Best Places to Live in the United States.” These listings are based on affordability, educational performance, convenience, safety, and livability. The list below shows the median household income of Money magazine’s top city in each U.S. state for 2017 (Money magazine website). 

a. Compute the mean and median for these household income data.

b. Compare the mean and median values for these data. What does this indicate about the distribution of household income data?

c. Compute the range and standard deviation for these household income data.

d. Compute the first and third quartiles for these household income data.

e. Are there any outliers in these data? What does this suggest about the data?

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Median Household Income ($) Median Household City Income ($) City Bozeman, MT Papillion, NE Sparks, NV Nashua, NH Pelham, AL 66,772 49,303 Juneau, AK 84,101 79,131 Paradise Valley, AZ Fayetteville, AR Monterey Park, CA Lone Tree, CO Manchester, CT 138,192 54,230 40,835 66,872 57,419 North Arlington, NJ Rio Rancho, NM 73,885 116,761 58,982 Valley Stream, NY Concord, NC Dickinson, ND 64,828 88,693 Hockessin, DE St. Augustine, FL Vinings, GA Караа, HI Meridian, ID Schaumburg, IL Fishers, IN 115,124 54,579 47,748 71,866 Wooster, OH Mustang, OK Beaverton, OR 73,103 43,054 62,546 66,714 62,899 58,785 73,824 Lower Merion, PA 117,438 87,043 Warwick, RI 63,414 Council Bluffs, IA 46,844 Mauldin, SC 57,480 Lenexa, KS Georgetown, KY Bossier City, LA South Portland, ME Rapid City, SD Franklin, TN Allen, TX Orem, UT Colchester, VT 76,505 47,788 58,709 82,334 47,051 104,524 56,472 54,515 Rockville, MD 100,158 69,181 Waltham, MA Farmington Hills, MI Woodbury, MN Olive Branch, MS Reston, VA Mercer Island, WA 75,106 112,722 71,154 128,484 Morgantown, WW New Berlin, WI 99,657 38,060 62,958 74,983 St. Peters, MO 57,728 Cheyenne, WY 56,593