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According to a Credit Suisse Survey, the mean net worth of all individuals in the United States in 2014 was $301,000, while the median net
According to a Credit Suisse Survey, the mean net worth of all individuals in the United States in 2014 was $301,000, while the median net worth was $45,000. Answer the following questions. (a) Which measure do you believe better describes the typical individual's net worth? Support your opinion. (b) What shape would you expect the distribution of net worth to have? Why? (c) What do you think causes the disparity in the two measures of central tendency? (Hint: the mean is much greater than the median, what can you say about the shape of the distribution of net worth of all individuals in the US?) 12pt V Paragraph B I U A & V T V Q V B V B V B V
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