MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Recently, a random sample of 25–34 year olds was asked, "How much do you currently have in savings, not including retirement savings?" The data in the table represent the responses to the survey. Approximate the mean and standard deviation amount of savings.
Savings Frequency
$0–$199 340
$200–$399 98
$400–$599 50
$600–$799 17
$800–$999 13
$1000–$1199 8
$1200–$1399 1
The sample mean amount of savings is $
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