Consumers borrow money for many different reasons, including the purchase of a home, car, and appliances, to remodel, or to help pay for college. Approximately 75% of U.S. households carry some debt (Wall Street Journal, February 25, 2013). Consider the amount of household debt in the sample of 25 households shown below.

a. What is the median amount of household debt?
b. Provide a five-number summary of this sample data.
c. What is the mean household debt for this sample?
d. Does this sample contain any outliers?
e. Would you prefer to use the mean or the median when describing household debt?Why?

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122,231 125,409 59,025 116,128 60,370 69,402 142,762 131,934 107,320 68,140 52,055 72,576 148,782 79,649 94,513 131,176 58,458 57,380 110,354 59,423 18,927 124,831 53,880 72,140