Suppose a market research firm enlisted 800 families in one U.S. city to participate in a study of expenditures for the December holiday season. Each family kept a log of spending for this holiday season, submitted their log to the market research firm, and as a result, the following Excel descriptive output was computed from the data. Using this output and applying what you have learned about descriptive statistics in this chapter, write a brief report for the market research firm summarizing spending for the holiday in this city based on the sample of 800 families.

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Holiday Spending Mean Median Mode 1142.141 1129.49 1251.153 Standard deviation 298.1482 Sample variance 88892.35 Kurtosis -0.18838 Skewness 0.107802 1863.707 233.7969 2097.504 913712.6 800 Range Minimum Maximum Sum Count