Question

is the lItu the mean and which soning Governors of the Federal Reserve System collects data on household assets and liabilities through the Survey of Con- sumer Finances (SCF) I5 Here are some results from the 2013 survey (a) Transaction accounts, which include checking, 2.26 Household assets. Once every three years, the Board of savings, and money market accounts, are the most commonly held type of financial asset. The mean value of transaction accounts per household was $270,100, and the median value was $94,500. What explains the differences between the two measures of center? (b) The mean value of retirement accounts per house- hold, which includes Individual Retirement Account (IRA) balances and certain employer- 2 sponsored accounts, was $99,040 but the median value was $0. What does a median of $0 say about the percentage of households with retirement ac- counts? 2.27 Inivercitu

Answer 1