Bauer et al. (2011) identified the median income of a middle-class family in their sample to be

Question:

Bauer et al. (2011) identified the median income of a middle-class family in their sample to be $84,200 annually; the mean family income was $85,300 annually. In their data, the lowest family income reported in this group was $65,100 annually, and the highest family income reported was $103,400 annually. Based on the data given, was the mean an appropriate value to summarize these data? Explain.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

Question Posted: