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(a) Draw the histogram.

(b) Estimate the population mean household income.

(c) Estimate the population standard deviation of household incomes.

(d) Estimate the population median income.

(e) Compare your estimates in parts (b) and (d) and comment on their difference.

(a) Draw the histogram.

(b) Estimate the population mean household income.

(c) Estimate the population standard deviation of household incomes.

(d) Estimate the population median income.

(e) Compare your estimates in parts (b) and (d) and comment on their difference.

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If you're like a lot of people watching the recession unfold, you have likely started to look at your finances under a microscope. Perhaps you have started saving the annual savings rate by people has started to recover a bit.

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