In a previous lab, you recorded the range of income. You observed that the minimum household income is 4, and the maximum is 1,620,560. 1. Does this make sense to you

YES. It is income; the figures make sense.

Explanation:

RANGE is the distance or difference between the highest value and the lowest value.

In this case, the variable is Household Income and the minimum value for the dataset is 4 while the maximum value is 1,620,560.

The question says: "Does this make sense to you?"

YES it does. It simply means that out of all the observed households, one household had a total income of 4 units (e.g. dollars) within the time period e.g. a day, a week, or a year.

On the other extreme, another household had approximately 1.6 million units of income in the same time frame.

This goes to show a wide income parity among the subjects observed in this experiment. Since 4 is the lowest value in the dataset, it shouldn't be shocking. You only need to exercise surprise if 4 is the mean or median value of the data set!

answer; schedule c;

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