Question

The total income for African American households of a certain country making under $250,000 in 2008 is given in the following table. Use the table to estimate the mean income for
African Americans in 2008.
The mean income for African American households in 2008 was __?
(Round to the nearest dollar as needed.)

Answer 1

Answer:

The mean income for African American households in 2008 was $ 45,613 (Rounded to the nearest dollar)

Step-by-step explanation:

1. Given the information from the table, let's calculate the mean income for African Americans households of a certain country in 2008.

For a successful work, first of all we need to take the data from two columns : Midpoint Salary and Frequency (in  thousands):

Mean income = (10,000 * 4,491) + (30,000 * 3.844) + (50,000 * 2,500) + (70,000 * 1,498) + (90,000 * 875) + (125,000 * 994) + (175,000 * 323) + (225,000 * 72)/ Sum of all the frequency (in thousands)

Mean income = (10,000 * 4,491) + (30,000 * 3.844) + (50,000 * 2,500) + (70,000 * 1,498) + (90,000 * 875) + (125,000 * 994) + (175,000 * 323) + (225,000 * 72)/ Sum of all the frequency (in thousands)

Mean income = 665'815,000/ 14,597

Mean income = $ 45,613 (Rounded to the nearest dollar)