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The Data Shown Below Contains Family Incomes (In Thousands of Dollars)

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Essay

The data shown below contains family incomes (in thousands of dollars) for a set of 50 families sampled in 2007 and 2017. Assume that these families are good representatives of the entire United States. The data shown below contains family incomes (in thousands of dollars) for a set of 50 families sampled in 2007 and 2017. Assume that these families are good representatives of the entire United States.   ​ -Find the mean, median, standard deviation, first and third quartiles, and the 95<sup>th</sup> percentile for family incomes in both years.
-Find the mean, median, standard deviation, first and third quartiles, and the 95th percentile for family incomes in both years.


Definitions:

Lonely Souls

Individuals who feel isolated or disconnected from others, often experiencing a profound sense of solitude or alienation.

Nihilist

A person who believes in nihilism, the philosophical viewpoint that rejects traditional values and beliefs in the absence of an objective basis for truth and morality.

Nirvana

In Buddhism, a transcendent state in which there is neither suffering, desire, nor sense of self, and the subject is released from the effects of karma and the cycle of death and rebirth.

Absurd

Relating to an existential sense of pointlessness or the irrational or incongruous aspect of life.

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