F IL E An econom ist wishes to summarize sample data from 26 m etropolitan areas in the U.S. The follow ing table lists each area's 2010–2011 m edian income as well as the m onthly unem ploym ent rate and average consumer debt for August 2010; the com plete data set can be found on the text website and is labeled D e b t P a y m e n ts.

Use Excel to com pute the summ ary measures o f income, the m onthly unem ploym ent rate, and average consumer debt.
Interpret these sum m ary measures.

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Metropolitan Income Area (in $1,000s) Unemployment Debt Washington, D.C. $103.50 6.3% $1,285 Seattle 81.70 8.5 1,135 } Pittsburgh 63.00 8.3 763