Which type of data would be best displayed in a histogram
1 answer:
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Answer:
The mean would be $322,343 and the median would be $196,723.
Step-by-step explanation:
Since the distribution of individual incomes is skewed to the right, it means that the distribution has a long right tail.
Drawing a distribution with this characteristic, we can see how the majority of the data falls into the left side of the graphic, meaning that a lot of people receive less income. Following this reasoning, the mean which is the amount of the data (in this case individual income) divided by the amount of people, would be the higher number, meaning that the few people who earn more money would influence in making this number higher.
Following this reasoning, the median (which is not influenced by this difference) would be the less high number.
Answer:
Step-by-step explanation:
The population of a community is known to increase at a rate proportional to the number of people present at time t.
This means that the population growth is modeled by the following differential equation:
Which has the following solution:
In which P(t) is the population after t years, P(0) is the initial population and r is the growth rate.
The population has doubled in 10 years
This means that . We use this to find r.
So the equation that will estimate the population of the community in t years is:
Answer: There will be $ 1687.02 in the account after 7 years.
Step-by-step explanation:
Formula to find the accumulated amount (A) in account on principal amount (P) with rate of interest (r) in 't' years is given by :-
As per given, P = $1400
r= 2.7% = 0.027
t= 7 years
Then,
Hence, there will be $ 1687.02 in the account after 7 years.