# This histogram shows the distribution of the amount of sales tax (as percentages) in the 50 states

## Question:

(a) About how many states charge between 4% and 5% sales tax?

(b) Estimate the mean from the histogram. Attach the appropriate unit to your estimate.

(c) Which do you think is larger, the mean or median? Why?

(d) Suggest an explanation for the multiple modes that are evident in the histogram.

(e) Is the SD of these data closer to 2, 5, or 10? (You don€™t need to calculate the SD exactly to answer this question. Think about what the SD tells you about how data cluster around the mean.)

The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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**Related Book For**

## Statistics For Business Decision Making And Analysis

**ISBN:** 9780321890269

2nd Edition

**Authors:** Robert Stine, Dean Foster