Question

The 2000 census gives the median household income in South Carolina as $37,100 and the mean...

The 2000 census gives the median household income in South Carolina as $37,100 and the mean household
income as $47,550. There are 1,533,854 households in the state. Select the best estimate for the total income
of the population of SC.

(a) $56.9 billion b. $64.9 billion c. $72.9 billion d. $129.8 billion.

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Answer #1

The best estimate for the total income of the population of SC = Mean Income of household * Total Household In state

= $72934757700

= $72.9 billion

So option (c) is correct answer

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