The U.S. Census Bureau estimated that the median net worth in the United States in 2013 was
Question:
The U.S. Census Bureau estimated that the median net worth in the United States in 2013 was $142,000 for white households and $11,000 for black households.
(a) Identify the response variable and the explanatory variable.
(b) Compare the groups using a (i) difference, (ii) ratio.
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