Solved: Given The Following Distribution Of Income Per Fam

Home Answered Questions Statistics and Probability Given The Following Distribution Of Income Per Family In A Small Community. What Measure Of Central

(Solved): Given The Following Distribution Of Income Per Family In A Small Community. What Measure Of Central ...

Given the following distribution of income per family in a small community. What measure of central tendency is the most representative if we want to use the average income per family as a basis to decide whether or not to build a shopping center in the community: the average, mode or median? Analyze all dispersion measures and calculate asymmetry and kurtosis measures. Represents the data with two graphs.

Number of families 25 40 50 30 Income per family Less than 5000 5000-7999 8000-10,999 11,000-13,999 14000-16999 17000-19999 2

Number of families 25 40 50 30 Income per family Less than 5000 5000-7999 8000-10,999 11,000-13,999 14000-16999 17000-19999 20000-24999 25000-49999 50000-99999 100000 and more 20 10 5 0 15 5

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The frequency data corresponding to income level is given in the table in the question. This is categorical data. We need to decide which measure of central tendency will effectively represent the sam

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(Solved): Given The Following Distribution Of Income Per Family In A Small Community. What Measure Of Central ...

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