Question

You can copy the data into Excel by highlighting the data, right-clicking and selecting Copy, then opening Excel, clicking on a blank cell, and selecting Paste from the Edit menu. Give your answers to at least 3 decimal places accuracy. Keep the data in Excel and keep the answers below handy, as you will need this information again in later questions. 2. Compute the following summary statistics a) The mean for the low income group is: b) The median for the low income group is: c) The standard deviation for the low income group is: d) The mean for the high income group is: e) The median for the high income group is: f) The standard deviation for the high income group is:

Answer 1

Answer:

Low income group :

Mean = 22.100

Median = 22.000

Standard deviation = 4.717

High Income group :

Mean = 19.771

Median = 20.000

Standard deviation = 3.255

Step-by-step explanation:

Low income : 19,20,13,28,21,27,16,21,19, 19,34,24, 24,14,24,25,23,22,20,21,14,23,17,26,24,24,20,24,27,16,22,17,29,20,25,22,20,34,24,22

High Income : 23 19 19 18 20 18 17 25 13 24 25 17 21 19 17 22 22 15 19 23 19 23 22 20 20 20 13 21 16 13 21 24 23 21 20

Using Excel :

Mean of low income, Σx / n = 884/40 = 22.100

Median of low income group : 1/2(n+1)th term = Median of low income = 22.000

Standard deviation of low income group :

√(Σ(x - mean)²/n) = 4.717

High Income group :

Mean of high income, Σx / n = 692/35 = 19.771

Median of high income group : 1/2(n+1)th term = Median of high income = 20.000

Standard deviation of low income group :

√(Σ(x - mean)²/n) = 3.255