1.

The monthly household incomes of 8 families are given as:{45000, 50000, 75000, 60000, 48000, 54000, 68000 and 150000}Find the average income. Does the mean income give a fair idea of the average household income?

Answer»

The monthly household incomes of 8 families are given as:

{45000, 50000, 75000, 60000, 48000, 54000, 68000 and 150000}



Find the average income. Does the mean income give a fair idea of the average household income?





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