What statistic is given by the value 87.52, and what does it mean?

Question

Answer

This is the maximum. This indicates that the wealthiest child has a monthly family income of $87.52 per person.

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This is the 1st quartile. This indicates that 25% of children have a monthly family income below $87.52 per person.

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This is the mean. This indicates that the average monthly family income is $87.52 per person.

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This is the 3rd quartile. This indicates that 25% of children have a monthly family income above $87.52 per person.

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