Median Family income has grown substantially in the recent years. Years Income Percent Change Years Income Percent Change 2000 11,500.00 - 2011 17,982.05 2 2001 11,845.00 3 2012 18,341.69 2 2002 12,437.25 5 2013 18,525.10 1 2003 12,934.74 4 2014 19,080.86 3 2004 14,228.21 10 2015 19,844.09 4 2005 15,366.47 8 2016 21,630.06 9 2006 16,288.46 6 2017 22,711.56 5 2007 16,777.11 3 2018 24,982.72 10 2008 17,112.66 2 2019 25,732.20 3 2009 17,283.78 1 2020 27,018.81 5 2010 17,629.46 2 2021 28,639.94 6 What graphical methods would be useful in displaying the data?

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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. Median Family income has grown substantially in the recent years.

Years	Income	Percent Change	Years	Income	Percent Change
2000	11,500.00	-	2011	17,982.05	2
2001	11,845.00	3	2012	18,341.69	2
2002	12,437.25	5	2013	18,525.10	1
2003	12,934.74	4	2014	19,080.86	3
2004	14,228.21	10	2015	19,844.09	4
2005	15,366.47	8	2016	21,630.06	9
2006	16,288.46	6	2017	22,711.56	5
2007	16,777.11	3	2018	24,982.72	10
2008	17,112.66	2	2019	25,732.20	3
2009	17,283.78	1	2020	27,018.81	5
2010	17,629.46	2	2021	28,639.94	6

What graphical methods would be useful in displaying the data?

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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