According to the U.S. Bureau of the Census, Current Population Reports 2013, the mean and median income

Question:

According to the U.S. Bureau of the Census, Current Population Reports 2013, the mean and median income for households with health insurance was $86,431 and $66,000, respectively. For households without health insurance, the mean and median income was $53,373 and $39,000, respectively. Does this suggest that the distribution of income for households with health insurance is symmetric, skewed to the right, or skewed to the left? What about for households without health insurance? Explain.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics The Art And Science Of Learning From Data

ISBN: 9780321997838

4th Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

Question Posted: