Income Distribution Diagrams
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A study of family income is studied through a sample of 500 randomly selected families. The results can be summarized as the mean family income was $41,000 and the median income was $29,000. The highest income was $253,000 and the lowest was $2,600.
Part 1) Sketch a diagram of the income distributions. Describe if the distribution is left-skewed, right-skewed, or symmetric,
Part 2) How many families in the sample earned less than $29,000?
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Solution Summary
We answer two statistics questions regarding a given income distribution.
Solution Preview
Please see the attachment for the diagram and full solution.
1. The diagram below (see attachment) is a rough sketch of the ...
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