(Solved): The following histogram and boxplot summarize the distribution of income for 1,000 households in a ...

The following histogram and boxplot summarize the distribution of income for 1,000 households in a region of a country. (a) Estimate the mean and the median. How do you know that the mean is larger than the median for this distribution? (b) Estimate the interquartile range from the figure. (c) Which is larger, the IQR or the SD? (Hint: These data are very skewed.) (d) How would the figure change if income were expressed in thousands of dollars rather (a) Estimate the mean. Choose the correct answer below. A. \( \$ 15,000 \) B. \( \$ 39,000 \) C. \( \$ 22,000 \) D. \( \$ 86,000 \) E. \( \$ 31,000 \) F. \( \$ 50,000 \) Estimate the median. Choose the correct answer below. A. \( \$ 43,000 \) B. \( \$ 22,000 \) C. \( \$ 39,000 \) D. \( \$ 15,000 \) E. \( \$ 50,000 \) F. \( \$ 31,000 \)