Question

In: Statistics and Probability

A research wanted to see if there was a relationship between the median income for a...

A research wanted to see if there was a relationship between the median income for a city and how many IT companies are in the city.

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Expert Solution

Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Median household income is a frequently reported economic statistic. Because many households consist of a single person, median household income is usually less than median family income, another frequently reported economic statistic, because a household consisting of a single person is not included in the average family income calculation.

In today’s times, technologically advanced cities contribute to the development of the entire nation. Many developing countries are coming up with the idea of creating smart cities in order to catch the pace of developments that are taking place in technology at a global scale. Bangalore is the nation’s highest IT platform. The city is highly advanced with its wide demography.

There are many IT'S company in india as like

Hyderabad, Mumbai, Chennai, Delhi etc.


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