Increasing tuition fees have resulted in some students being saddled with large debts upon graduation. To examine this issue, a random sample of recent graduated was asked to report wether they had...

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Increasing tuition fees have resulted in some students being saddled with large debts upon graduation. To examine this issue, a random sample of recent graduated was asked to report wether they had student loans, and, if so, how much was the debt at graduation.
a) compute all three measures of central location

b)what do these statistics reveal about student loan debt at graduation?



Studentloan 31260 29649 39090 31735 14969 37380 35376 35210 31034 41993 27497 42448 36833 35480 41854 20742 46992 31540 25918 30845 42632 51701 30989 39403 26099 36988 44811 35838 41216 39274 36195 34315 42687 44786 34652 27617 27208 38370 44282 29958 41309 32107 34049 15071 26349 27559 56165 17256 38350 45360 35880 33196 37515 21778 35518 33462 47773 35149 30534 37672 26700 39706 27809 43154 27331 12634 43341 39024 32247 33673 39256 66514 7124 44875 19449 37990 33886 33431 17112 29694 21508 34407 52981 21024 39302 43322 46229 43549 34009 50977 28831 30583 39356 41926 28472 35149 27585 27621 34746 30804 47916 27706 40035 45252 34946 25141 27603 23278 26848 19047 36535 23769 39628 15582 30598 44551 34538 47960 30353 29303 38861 40540 33233 37690 38137 44587 19667 36284 26600 37851 33734 41969 32224 30465 23159 36864 34191 51662 29148 45043 34472 19579 43188 25665 41235 47882 36110 27976 43334 30298 29932 40645 21904 30284 38160 30488 42156 14532 37109 30071 29412 53912 37752 32721 41514 28434 37466 28670 46345 36402 35385 25085 39103 38141 33929 34834 29718 28637 36960 38627 39874 23661 43624 33493 23036 45825 39958 26915 22917 35511 31606 35570 33360 39821 51804 37711 26567 39228 33707 31953 34606 50990 30201 27198 32392 23875 42935 37067 25818 43708 32768 32347 34620 36279 31861 24346 46088 26094 34835 47792 47330 42979 32436 32408 31826 46563
Answered Same DaySep 18, 2022

Answer To: Increasing tuition fees have resulted in some students being saddled with large debts upon...

Shakeel answered on Sep 18 2022
62 Votes
Answer (a)
The measures of central location are calculated as follows:
    Mean
    34656.27
    Median
    34636
    Mode
    35149
Here, the mean is calculated by summing all the given numbers are then, dividend by the total numbers.
Median is the mid-point of the given data distribution
Mode is the...
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