The frequency distribution on the following page represents the age of people living in poverty in 2009
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The frequency distribution on the following page represents the age of people living in poverty in 2009 (in thousands). In this frequency distribution, the class widths are not the same for each class. Approximate the mean and standard deviation age of a person living in poverty. For the open-ended class 65 and older, use 70 as the class midpoint.
Age .....Frequency
0-17 ......15,451
18–24 ..... 6071
25–34 .... 6123
35–44 .... 4756
45–54 .... 4421
55–59 ..... 1792
60-64 .... 1520
65 and older .. 3433
DistributionThe 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...
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