This data is Average income by County for 2014 and 2018. When reviewing this data statistically does anything stand out? If there are changes what could you attribute them to? Is there anything questionable about the data? If so, what? 20142018Mean47461.46739Mean52609.78261Standard Error851.0303759Standard Error888.8248975Median45827.5Median51350ModeStandard DeviationSample Variance#N/AMode515008162.796608Standard Deviation8525.30892566631248.47Sample Variance72680892.26Kurtosis6.933733193Kurtosis5.757090829SkewnessRange2.141421981Skewness1.95366862853209Range52200Minimum35220Minimum40200|Мaximum88429Maximum92400Sum4366455Sum4840100Count92Count92Confidence Level(95.0%Confidence Level(95.0%)1765.5414711690.467296Margin of ErrorCorelation coefficient851.0303759Margin of Error888.82489750.949982269Corelation coefficient0.949982269

This data is the Average income by County for 2014 and 2018. the given information is showing the…

Answered: Average income

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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This data is Average income by County for 2014 and 2018. When reviewing this data statistically does anything stand out? If there are changes what could you attribute them to? Is there anything questionable about the data? If so, what?

2014
2018
Mean
47461.46739
Mean
52609.78261
Standard Error
851.0303759
Standard Error
888.8248975
Median
45827.5
Median
51350
Mode
Standard Deviation
Sample Variance
#N/A
Mode
51500
8162.796608
Standard Deviation
8525.308925
66631248.47
Sample Variance
72680892.26
Kurtosis
6.933733193
Kurtosis
5.757090829
Skewness
Range
2.141421981
Skewness
1.953668628
53209
Range
52200
Minimum
35220
Minimum
40200
|Мaximum
88429
Maximum
92400
Sum
4366455
Sum
4840100
Count
92
Count
92
Confidence Level(95.0%
Confidence Level(95.0%)
1765.541471
1690.467296
Margin of Error
Corelation coefficient
851.0303759
Margin of Error
888.8248975
0.949982269
Corelation coefficient
0.949982269

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