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Find the mean and median of per capita income

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Reference no: EM133034823

Problem: Based on your center of data calculations, both the mean and median of Per Capita Income 2 increased in 2019. What implications does this have on those on a fixed income (either those who are retired or those working minimum wage jobs)?

 

Per Capita Income 1

Per Capita Income 2

Mean =

$48,175.28

$49,751.12

Median =

$46,237.50

$47,557.00

Standard Deviation =

11061.00824

11401.84396

 

Reference no: EM133034823

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