Question

The median annual household income in a certain community of 21 households is $50,000. If the mean income of a household increases by 10% per year over the next 2 years, what will the median income in the community be in 2 years?

Answer 1

Answer:

answer is  Cannot be determined

Explanation:

given data

household income  = $50,000

increases =  10% per year

time = 2 year

solution

as we know that here mean is increase by 10 percentage

but from the mean  percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

so here answer is  Cannot be determined from given data