Question

Forbes Magazine lists the richest people in the world each year. The following data represents the ages of 40 of these individuals. All of these individuals have a net worth of at least $5 billion.

17        24        31        32        32        43        43        43

46        50        51        51        54        55        55        59

59        60        62        62        62        62        63        64

69        71        71        73        73        74        75        75

76        77        79        81        82        82        84        84

1.   Choose an appropriate graph to describe this data and draw your graph below. Justify your choice by explaining what information is given by your graph.

Answer 1

here we should be using a histogram to illustrate the above data. Here we have just one variable and we can divide the data into classes as the data is numerical. Here is the histogram created:

The histogram is right-skewed. Thus it shows the mean age billionaires are more than the median of the age.