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Consumers borrow money for many different reasons, including the purchase of a home, car, and appliances, to remodel, or to help pay for college. Approximately 75% of U.S. households carry some debt. Consider the amount of household debt on the sample of 25 households shown below.

122,231. 69,402. 52,055. 131,176. 59,423

125,409. 142,762. 72,576, 58,458. 18,927

59,025. 131,934. 148,782. 57,380. 124,831

116,128. 107,320. 79,649. 110,354. 53,880

60,370. 68,140. 94,513. 97,544. 72,140

1. What is the median amount of household debt?

2. Provide a five number summary of this sample data.

3. What is the mean?

4. Does this sample contain any outliers?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91669471

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