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Clark: $62,000 Lois: $108,000 Barry: $66,500 Diana: $135,000 Bruce: $2,345,000,000 First, calculate the mean income of these five individuals. Then, calculate the median income of
Clark: $62,000 Lois: $108,000 Barry: $66,500 Diana: $135,000 Bruce: $2,345,000,000 First, calculate the mean income of these five individuals. Then, calculate the median income of these five individuals. Clearly show your work/process for each calculation in your post. Compare the mean income with the median income for these five individuals. Why is there such a major difference between the two values? Which value is more representative of the majority of the five individuals - the mean, or the median? In addition, find an article or scholarly resource that discusses median household income in some fashion. It can be an article breaking down the median household income of the entire US, or on a state by state basis, or something along those lines. Share your thoughts on the article and why the median household income is usually reported, as opposed to the mean household income
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