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a) Calculate the approximate average income of the respondents. The approximate average income of the respondents is $ thousand. (Round to one decimal place as needed.)

a) Calculate the approximate average income of the respondents. The approximate average income of the respondents is $ thousand. (Round to one decimal place as needed.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A survey that collected demographic data from respondents asked them to categorize their annual incomes (in thousands of dollars) into the groups in the table to the right. The number of respondents for each income group is also shown in the table. Complete parts a) and b). Income $20 to under $30 $30 to under $40 $40 to under $50 $50 to under $60 $60 to under $70 a) Calculate the approximate average income of the respondents. The approximate average income of the respondents is $ thousand. (Round to one decimal place as needed.) Number of Respondents 69 117 122 28 36
Transcribed Image Text:A survey that collected demographic data from respondents asked them to categorize their annual incomes (in thousands of dollars) into the groups in the table to the right. The number of respondents for each income group is also shown in the table. Complete parts a) and b). Income $20 to under $30 $30 to under $40 $40 to under $50 $50 to under $60 $60 to under $70 a) Calculate the approximate average income of the respondents. The approximate average income of the respondents is $ thousand. (Round to one decimal place as needed.) Number of Respondents 69 117 122 28 36
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