Unlocking Insights: The Median Income Distribution For Women In The Consumer Population Survey

In 2010 the Consumer Population Survey found their sample of women had a median weekly income of $669. The number $669 is a __________.

statisticIt is a statistic because it is a number that can be computed from a sample of women.

The number $669 is a measure of central tendency representing the middle value of the income distribution for the sample of women in the Consumer Population Survey. Specifically, it is the median, which is the point that divides the income distribution into two equal parts, with 50% of the sample earning less than $669 and 50% earning more than $669.

More Answers:
The Central Limit Theorem And Its Application In Sampling Distribution Of Means
The Variable Of Population Distribution: A Comprehensive Overview For Statistics Analysis
The Role Of Sample Size And Population Variability In Interpreting Statistical Results

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