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Mean income You read that the mean income of U.S.

Statistics Through Applications | 2nd Edition | ISBN: 9781429219747 | Authors: Daren S. Starnes ISBN: 9781429219747 133

Solution for problem 2.35 Chapter 2

Statistics Through Applications | 2nd Edition

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Statistics Through Applications | 2nd Edition | ISBN: 9781429219747 | Authors: Daren S. Starnes

Statistics Through Applications | 2nd Edition

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Problem 2.35

Mean income You read that the mean income of U.S. households in 2007 was $67,609. Recall from Exercise 2.27 (page 65) that the median U.S. household income in 2007 was $50,233. Explain why the mean household income is so much higher than the median household income.

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Chapter 2, Problem 2.35 is Solved
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Textbook: Statistics Through Applications
Edition: 2
Author: Daren S. Starnes
ISBN: 9781429219747

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Mean income You read that the mean income of U.S.