You have data on the summer earnings of a sample of 1,000 college students. What

Question

You have data on the summer earnings of a sample of 1,000 college students. What numerical summary should you use to describe the earnings data?
Answer
Consumer price index
Correlation coefficient
Five-number summary
Least-squares regression line
Standard score

The governments of all developed nations produce large volumes of data on economic and social issues. Canada, like most countries, has a single national statistical office (Statistics Canada) that is responsible for these data. In the United States,
Answer
all federal statistics are handled by the Bureau of Labor Statistics
there are separate statistical offices in each federal agency (more than 70 of them)
all data are produced by the states--there are no federal statistical agencies
all data are produced by private firms--there are no federal statistical agencies

Explanation / Answer

five-number summary

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