The Basic Practice of Statistics 7th Edition

Published by W. H. Freeman
ISBN 10: 1-46414-253-X
ISBN 13: 978-1-46414-253-6

Chapter 2 - Describing Distributions with Numbers - Chapter 2 Exercises - Page 67: 2.25

Answer

50,281 is the median, and 62,597 is the mean.

Work Step by Step

This data set would be skewed to the right (since some college graduates would make more than 100,000 dollars). Thus, the mean is greater than the median.
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