Income: What is the meadian and Standard Diviation. Create a histogram of the data and write...

Income: What is the meadian and Standard Diviation. Create a histogram of the data and write a description of the findings.

Data Set:

SE-MaritalStatus	SE-Income	SE-FamilySize	USD-Food	USD-Housing
Not Married	95432	1	7089	18391
Not Married	97469	4	6900	18514
Not Married	96664	3	7051	18502
Not Married	96653	4	6943	18838
Not Married	94867	1	6935	18633
Not Married	97912	1	6937	18619
Not Married	96886	2	6982	18312
Not Married	96244	4	7073	18484
Not Married	95366	2	7130	18576
Not Married	96727	2	7051	18376
Not Married	96697	2	6971	18520
Not Married	95744	4	7040	18435
Not Married	96572	2	7179	18648
Not Married	98717	3	7036	18389
Not Married	94929	2	6948	18483
Married	95778	4	9067	22880
Married	109377	4	10575	23407
Married	95706	4	8925	22376
Married	95865	1	9321	22621
Married	109211	4	11566	22219
Married	95994	4	9231	22852
Married	114932	5	11077	26411
Married	112559	3	11189	25531
Married	95807	4	9210	23139
Married	99610	2	9513	27164
Married	95835	3	9111	23252
Married	102081	4	11738	23374
Married	104671	4	10420	22245
Married	107028	4	10840	25671
Married	114505	5	11375	26006

Expert Solution

Given data

SE-MaritalStatus	SE-Income	SE-FamilySize	USD-Food	USD-Housing
Not Married	95432.00	1	7089	18391
Not Married	97469.00	4	6900	18514
Not Married	96664.00	3	7051	18502
Not Married	96653.00	4	6943	18838
Not Married	94867.00	1	6935	18633
Not Married	97912.00	1	6937	18619
Not Married	96886.00	2	6982	18312
Not Married	96244.00	4	7073	18484
Not Married	95366.00	2	7130	18576
Not Married	96727.00	2	7051	18376
Not Married	96697.00	2	6971	18520
Not Married	95744.00	4	7040	18435
Not Married	96572.00	2	7179	18648
Not Married	98717.00	3	7036	18389
Not Married	94929.00	2	6948	18483
Married	95778.00	4	9067	22880
Married	109377.00	4	10575	23407
Married	95706.00	4	8925	22376
Married	95865.00	1	9321	22621
Married	109211.00	4	11566	22219
Married	95994.00	4	9231	22852
Married	114932.00	5	11077	26411
Married	112559.00	3	11189	25531
Married	95807.00	4	9210	23139
Married	99610.00	2	9513	27164
Married	95835.00	3	9111	23252
Married	102081.00	4	11738	23374
Married	104671.00	4	10420	22245
Married	107028.00	4	10840	25671
Married	114505.00	5	11375	26006

Total income of all the = 2995838

Number of observations = 30

Mean = 99861

Standard deviation = 6291

The histogram of income is

From the histogram, we can see that more than 50% of observations have income around 97096 USD.

orchestra answered 3 years ago

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