The richest 1%. The distribution of individual incomes in the United States is strongly skewed to the right. In 2004, the mean and median incomes

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The richest 1%. The distribution of individual incomes in the United States is strongly skewed to the right. In 2004, the mean and median incomes of the top 1% of Americans were $315,000 and $1,259,700. Which of these numbers is the mean and which is the median? Explain your reasoning.

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