What is the standard deviationof the Family Income (Column C) data? Describe the shape of the distribution (normal, skewed, bi-modal, etc.). What is the skewness, if any? Interpret your findings and explain why the shape of the distribution is important to the Committee.
Answer: The standard deviation of the Family Income datais 3380.198. The shape of the distribution is unimodal, but far from normal? It also has a skewness of 3.186078. This means that ….???? The shape of the distribution shows that ….???? It’s important info because?
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The solution determines what is the standard deviation of the Family Income (Column C) data? Describe the shape of the distribution (normal, skewed, bi-modal, etc.).