Statistics Through Applications
Statistics Through Applications
2nd Edition
ISBN: 9781429219747
Author: Daren S. Starnes, David Moore, Dan Yates
Publisher: Macmillan Higher Education
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Chapter 2.2, Problem 2.27E
To determine

To Explain: the word that is “the median income”.

Expert Solution & Answer
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Explanation of Solution

Given:

The median income of U.S. households was $50233

The median is the centred data value of the sorted data set. It means that around 50% of the data values would be smaller than the median and around 50% of the data values would be larger than the median. The median income is $50233 which means that around 50% of the researchers has an income would be less than $50233 and around 50% of the researchers has an income would be higher than $50233.

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Statistics Through Applications

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