Solution-Was the mean an appropriate value to summarize

Was the mean an appropriate value to summarize given data

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Question: Family income in the middle class. Bauer et al. (2011) identified the median income of a middle-class family in their sample to be $84,200 annually; the mean family income was $85,300 annually. In their data, the lowest family income reported in this group was $65,100 annually, and the highest family income reported was $103,400 annually. Based on the data given, was the mean an appropriate value to summarize these data? Explain.

Reference no: EM131671814

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Was the mean an appropriate value to summarize given data

Reference no: EM131671814

Reference no: EM131671814

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