Calculate the mean and standard deviation of household assets (ASSET). Assuming that this…

Calculate the mean and standard deviation of household assets (ASSET). Assuming that this variable is positively skewed interpret the two statistics.

 

Find the mean and standard deviation of the household debt (DEBT) of the respondents in the 2013 survey. If we assume that debt is not bell shaped describe what the mean and standard deviation tell you.

 

Determine the first, second, and third quartiles of the data shown next.

 

                           2    4    6   8   10    12    14   16    18   20   

 

Calculate the first, second, and third quartiles of the following sample.

 

                       5     8     2     9   5    3     7    4    2    7    4    10   4   3    5

 

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