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without health insurance, the mean and median income was $53,373 and $39,000, respectively. Does this suggest that the distribution of income for households with health insurance is symmetric, skewed to the right, or skewed to the left? What about for households without health insurance? Explain.

without health insurance, the mean and median income was $53,373 and $39,000, respectively. Does this suggest that the distribution of income for households with health insurance is symmetric, skewed to the right, or skewed to the left? What about for households without health insurance? Explain.

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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10. 

According to the U.S. Census Bureau's Current Population Reports 2013, the mean and median income for households with health insurance was $86,431 and $66,000, respectively. For households without health insurance, the mean and median income was $53,373 and $39,000, respectively. Does this suggest that the distribution of income for households with health insurance is symmetric, skewed to the right, or skewed to the left? What about for households without health insurance? Explain. Choose the correct answer below. A. The fact that the mean and median of the households with health insurance is larger than the mean and median of the households without health insurance indicates that the shape is skewed to the right. B. The fact that the mean is larger than the median for each group indicates that there are extremely large incomes that are affecting the mean, suggesting that the shape is skewed to the left. C. The fact that both means are larger than their respective medians indicates that the shape is symmetric. D. The fact that the median is larger than the mean for each group indicates that there are extremely small incomes that are affecting the mean, suggesting that the shape is skewed to the left. E. The fact that the mean is larger than the median for each group indicates that there are extremely large incomes that are affecting the mean, suggesting that the shape is skewed to the right.
Transcribed Image Text:According to the U.S. Census Bureau's Current Population Reports 2013, the mean and median income for households with health insurance was $86,431 and $66,000, respectively. For households without health insurance, the mean and median income was $53,373 and $39,000, respectively. Does this suggest that the distribution of income for households with health insurance is symmetric, skewed to the right, or skewed to the left? What about for households without health insurance? Explain. Choose the correct answer below. A. The fact that the mean and median of the households with health insurance is larger than the mean and median of the households without health insurance indicates that the shape is skewed to the right. B. The fact that the mean is larger than the median for each group indicates that there are extremely large incomes that are affecting the mean, suggesting that the shape is skewed to the left. C. The fact that both means are larger than their respective medians indicates that the shape is symmetric. D. The fact that the median is larger than the mean for each group indicates that there are extremely small incomes that are affecting the mean, suggesting that the shape is skewed to the left. E. The fact that the mean is larger than the median for each group indicates that there are extremely large incomes that are affecting the mean, suggesting that the shape is skewed to the right.
Expert Solution
Step 1

According to the U.S. Census Bureau's Current Population Reports 2013, the mean and median income for households with health insurance was $86,431 and $66,000, respectively.

mean = $86431

median = $66000

For households without health insurance, the mean and median income was $53,373 and $39,000, respectively.

mean =  $53373

median = $39000

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