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3. Use the graph below to answer the following questions. Distribution of annual household income in the United States (2012 estimate) percent of households Median household income was roughly $51,000. These two groups include households reporting income greater than $200,000 (approximately 4 percent households). The top 25 percent reported an income grater than $85,000. Source: US. Census Bureau, Current Population Survey, 2012 Annual Social and Economic Supplement a) What is the shape of the distribution of annual household income in the U.S.? b) What was the median household income in 2012 and what does it mean? es es hes s IS NIS 516,000to 599999 666 S 0es Under S0

3. Use the graph below to answer the following questions. Distribution of annual household income in the United States (2012 estimate) percent of households Median household income was roughly $51,000. These two groups include households reporting income greater than $200,000 (approximately 4 percent households). The top 25 percent reported an income grater than $85,000. Source: US. Census Bureau, Current Population Survey, 2012 Annual Social and Economic Supplement a) What is the shape of the distribution of annual household income in the U.S.? b) What was the median household income in 2012 and what does it mean? es es hes s IS NIS 516,000to 599999 666 S 0es Under S0

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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3. Use the graph below to answer the following questions. Distribution of annual household income in the United States (2012 estimate) percent of households Median household income was roughly $51,000. These two groups include households reporting income greater than $200,000 – (approximately 4 percent households). The top 25 percent reported an income grater than $85,000. Source: U.S. Census Bureau, Current Population Survey, 2012 Annual Social and Economie Supplement a) What is the shape of the distribution of annual household income in the U.S.? b) What was the median household income in 2012 and what does it mean? c) Why do you think this graph does not include the mean household income? Do you think the mean would be greater or smaller than the median? Explain.
Transcribed Image Text:3. Use the graph below to answer the following questions. Distribution of annual household income in the United States (2012 estimate) percent of households Median household income was roughly $51,000. These two groups include households reporting income greater than $200,000 – (approximately 4 percent households). The top 25 percent reported an income grater than $85,000. Source: U.S. Census Bureau, Current Population Survey, 2012 Annual Social and Economie Supplement a) What is the shape of the distribution of annual household income in the U.S.? b) What was the median household income in 2012 and what does it mean? c) Why do you think this graph does not include the mean household income? Do you think the mean would be greater or smaller than the median? Explain.
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