MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 1 term
MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 1 term
13th Edition
ISBN: 9780357438886
Author: GARMAN, E. Thomas, Forgue, Raymond
Publisher: Cengage Learning US
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Chapter 1.6, Problem 3CC
Summary Introduction

To Describe: The various financial certification programs intended for financial planners.

Introduction:Financial planners often undergo various training programs and obtain certifications on a voluntary basis. Such professional certifications are much helpful in cutting themselves a picture of a professional in their respective areas of financial advocacy. Together with such professional qualifications related experience too plays a vital role.

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(a) The variables have been stripped of their names. Which one do you think is "household income" ?(b) Calculate the mean, median, and standard deviation of household income. Do these numbers fit with your expectations?   (c) Suppose you have two histograms: one where the mean equals the median, and one where the mean is different from the median. How would you expect the two histograms to differ?
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