Income distribution diagrams

Assignment Help Basic Statistics

Reference no: EM13122265

A study of family income is studied through a sample of 500 randomly selected families. The results can be summarized as the mean family income was 41,000 the median income was 29,000. The highest income was 253,000 and the lowest was 2600.

Part 1) Sketch a diagram of the income distributions. Describe if the distribution is left-skewed, right-skewed, or symmetric,

Part 2) How many families in the sample earned less than 29,000?

Reference no: EM13122265

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