a) Calculate the approximate average income of the respondents. The approximate average income of the respondents is $ thousand. (Round to one decimal place as needed.)
a) Calculate the approximate average income of the respondents. The approximate average income of the respondents is $ thousand. (Round to one decimal place as needed.)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter5: Probability: An Introduction To Modeling Uncertainty
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Problem 8P: As was discussed in the Analytics in Action from Chapter 2, the U.S. Census Bureau is a leading...
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![A survey that collected demographic data from
respondents asked them to categorize their
annual incomes (in thousands of dollars) into the
groups in the table to the right. The number of
respondents for each income group is also shown
in the table.
Complete parts a) and b).
Income
$20 to under $30
$30 to under $40
$40 to under $50
$50 to under $60
$60 to under $70
a) Calculate the approximate average income of the respondents.
The approximate average income of the respondents is $ thousand.
(Round to one decimal place as needed.)
Number of
Respondents
69
117
122
28
36](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F736bd3c8-15d7-4e3c-9c3d-627f43fefcbc%2F40e6618d-7e59-415f-9a4f-88229a6d3f00%2F4uzt7je_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A survey that collected demographic data from
respondents asked them to categorize their
annual incomes (in thousands of dollars) into the
groups in the table to the right. The number of
respondents for each income group is also shown
in the table.
Complete parts a) and b).
Income
$20 to under $30
$30 to under $40
$40 to under $50
$50 to under $60
$60 to under $70
a) Calculate the approximate average income of the respondents.
The approximate average income of the respondents is $ thousand.
(Round to one decimal place as needed.)
Number of
Respondents
69
117
122
28
36
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