A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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2. This table shows the mean and median total cash income for married-couple households
(including wages, public assistance, interest/dividends, Social Security, pensions, etc.), by race
and Hispanic origin. a apaa
Median Household
Mean Household
Income ($)
Income ($)
Asian
110,453
78,010
66,893
110,138
145,948
Black
97,667
Hispanic
White, non-Hispanic
88,450
129,142
a. Pick one group and interpret the median and the mean.
b. For each group, how do the mean and the median compare?
Explain why you think this must be the case.
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Transcribed Image Text:2. This table shows the mean and median total cash income for married-couple households (including wages, public assistance, interest/dividends, Social Security, pensions, etc.), by race and Hispanic origin. a apaa Median Household Mean Household Income ($) Income ($) Asian 110,453 78,010 66,893 110,138 145,948 Black 97,667 Hispanic White, non-Hispanic 88,450 129,142 a. Pick one group and interpret the median and the mean. b. For each group, how do the mean and the median compare? Explain why you think this must be the case.
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