Question

Income (to the nearest $10,000) $2,000,000 $200,000 $40,000 $30,000 $20,000 $10,000 Mean: 7. Find the mean, median and mode of this data. Round to the nearest dollar if necessary. (3 points) Number of Families 1 2 30 30 20 30 Median: Mode: Mean​

Answer 1

Mean: $292,857.14

Median: $30,000

There's no mode

Step-by-step explanation: To find the mean, add up all the incomes and divide by the total number of families. In this case, the mean income would be $292,857.14. To find the median, arrange the incomes in ascending order and find the middle value, which is $30,000. There is no mode since no income appears more than once.