Two Towns Both Have a Mean Income for Their Residents

question 20

Essay

Two towns both have a mean income for their residents of $30,000. The standard deviation of incomes of residents in town A is $2600, and the standard deviation of incomes of residents in town B is $25,000. Explain what this says about the difference in the distribution of incomes in the two towns.

---

Definitions:

High-speed Memory

Memory modules capable of fast data transfer rates, significantly enhancing computing performance.

Secondary Storage

Non-volatile storage that keeps data persistently saved even when not in active use, such as hard drives, SSDs, or cloud storage.

Tertiary Storage

A form of data storage that typically involves removable media with high capacity, used for archiving or backup purposes.

Quaternary Storage

A type of data storage system designed to store large volumes of data using optical or magnetic technology, often for archival purposes.