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Question
A sample of 11 individuals shows the following monthly incomes.| Individual | Income ($) |
| 1 | 1,500 |
| 2 | 2,000 |
| 3 | 2,500 |
| 4 | 4,000 |
| 5 | 4,000 |
| 6 | 2,500 |
| 7 | 2,000 |
| 8 | 4,000 |
| 9 | 3,500 |
| 10 | 3,000 |
| 11 | 43,000 |
a. What would be a representative measure of central location for the above data? Explain.
b. Determine the mode.
c. Determine the median.
d. Determine the 60thpercentile.
e. Drop the income of individual number 11 and compute the standard deviation for the first 10 individuals.
Answer
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