Data on the amount of money made in a year by 1000 families in a small town were collected.You want to know how much each family will get if the money made by all the 1000 families is pooled together and then evenly redistributed back to them.Which of the following would you compute?
A)Arithmetic mean.
B)Median.
C)Interquartile Range.
D)Coefficient of correlation.

Question

Quizplus · Accepted Answer

To find out how much each family will get if the money made by all 1000 families is evenly redistributed, we need to compute the arithmetic mean (total sum divided by the number of families).

Data on the Amount of Money Made in a Year