Question: Recently, a random sample of 25-34 year olds was asked, How much do you currently have in savings, not including retirement savings? The following data
Recently, a random sample of 25-34 year olds was asked, "How much do you currently have in savings, not including retirement savings?" The following data represent the responses to the survey. Approximate the mean and standard deviation amount of savings.
Savings Frequency
$0-$19,999........................................344
$20,000-$39,999...................................98
$40,000-$59,999...................................52
$60,000-$79,999...................................19
$80,000-$99,999...................................13
$100,000-$119,999..................................6
$120,000-$139,999..................................2
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