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1. Use the text output on means and standard deviations. Which geographic division had the highest mean per capita income in 1974? Looking at the
1. Use the text output on means and standard deviations. Which geographic division had the highest mean per capita income in 1974? Looking at the standard deviation of its mean, how would you describe the dispersion of its per capita income relative to other geographic divisions? Question 2. Now compare the income distributions using the boxplot. Which geographic division had the lowest median per capita income in 1974? How was the dispersion of the income distribution in this geographic division compared to other divisions? Question 3. Based on the text output and the boxplot, which geographic division had the highest level of income inequality in 1974? And why? Question 4. Judging by the distribution of per capita income, which geographic division would you choose to live? And why? (2 points for the reasoning only. Students can choose any division, but they only receive points for good reasoning.)
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