Question:
The distribution of the top 1% of individual incomes in the
Last updated: 7/12/2022
The distribution of the top 1% of individual incomes in the US is strongly skewed to the right. In 1997, the two measures of center for the top 1% of individual incomes were $330,000 and $675,000. Which number represents the mean income of the top 1% and which number represents the median income of the top 1%? Choose the best answer. A. $330,000 is the mean and $675,000 is the median. B. $330,000 is the median and $675,000 is the mean. C. Not enough information to tell which is which.