7- 4 Question 3(4 points): The first histogram below shows the distribution of the yearly incomes...
7- 4 Question 3(4 points): The first histogram below shows the distribution of the yearly incomes of 40 patrons at a college coffee shop. Suppose two new people walk into the coffee shop: one making $225,000 and the other $250,000. The second histogram shows the new income distribution. Summary statistics are also provided. 42 Min. 60,680 60,680 1st Qu. 63,620 63,710 Median 65.240 65,350 Mean 65,000 73.300 3rd Qu. 66,160 66,540 Max. 69,800 250,000 SD 2,122 37.321 40 60000 62500 65000 67500 70000 60000 110000 160000 210000 260000 (a) Would the mean or the median best represent what we might think of as a typical income for the 42 patrons at this coffee shop? What does this say about the robustness of the two measures? If yeu do what you love, you'll never work a day in your life Ma A