Question

5. (1 mark] Once every 3 years, the Board of Governors of the Federal Reserve System collects data
on household assets and liabilities through the Survey of Consumer Finances (SCF). Here are some
results from the 2013 survey. Transaction accounts, which include checking, savings, and money
market accounts, are the most commonly held type of financial asset. The mean value of transaction
accounts per household was $270,100 and the median value was $94,500. What explains the
differences between the two measures of center? (Hint: think about the shape of this distribution).
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Answer 1

Answer:

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