Discuss the below:
Q: A study of family income is studied through a sample of 500 randomly selected families. The results can be summarized as the mean family income was $41,000 and the median income was $29,000. The highest income was $253,000 and the lowest was $2,600.
1) Sketch a diagram of the income distributions. Describe if the distribution is left-skewed, right-skewed, or symmetric,
2) How many families in the sample earned less than $29,000?