Mean

Median

Standard Deviation

Largest value

Smallest value

First Quartile

Third Quartile

Interquartile range

Number of classes for frequency distribution

Class width for frequency distribution

Frequency Distribution table

Histogram of the frequency distribution

Median Household Income by State

State 2014

Alabama $41,415 Alaska $69,825 Arizona $46,709 Arkansas $38,758 California $60,287 Colorado $55,387 Connecticut $65,753 Delaware $57,954 District of Columbia $65,124 Florida $44,299 Georgia $46,007 Hawaii $62,814 Idaho $43,341 Illinois $53,234 Indiana $46,438 Iowa $49,427 Kansas $48,964 Kentucky $41,141 Louisiana $41,734 Maine $46,033 Maryland $70,004 Massachusetts $64,859 Michigan $45,981 Minnesota $61,814 Mississippi $36,919 Missouri $45,247 Montana $44,222 Nebraska $50,296 Nevada $48,927 New Hampshire $64,712 New Jersey $67,458 New Mexico $41,963 New York $55,246 North Carolina $43,916 North Dakota $51,704 Ohio $45,749 Oklahoma $43,225 Oregon $46,816 Pennsylvania $50,228 Rhode Island $53,636 South Carolina $42,367 South Dakota $48,321 Tennessee $41,693 Texas $49,392 Utah $55,869 Vermont $52,776 Virginia $62,881 Washington $57,835 West Virginia $38,482 Wisconsin $50,395 Wyoming $56,322

written summary description of the data which should include key characteristics including observations about the shape of the data. If you had to make any assumptions or decisions to perform your analysis, document and explain them.

Using the data and analysis above, select an income to be used in calculations as U.S. household income. Explain why you chose the number you chose. Describe two limitations of the use of a single number to represent U.S. household income.