A study conducted in 1984 reported that the median pay in the United States was $18,700. What

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A study conducted in 1984 reported that the median pay in the United States was $18,700. What difficulties do you see in using this type of study for assessing incomes? Would you be willing to use $18,700 as a point estimate of the central location of US incomes?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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