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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)
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
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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