Collect the data on the real incomes per capita for 20 developing economies in the world(use IMF data or World Bank Website to collect the information on incomes per capita) and summarize your findings for the following questions: 1. Is the data collected qualitative or quantitative? Why? 2. What is the range of the data? Do you think the range is large? 3. Calculate the average, mode and median for the data set. Are the average and the median close in values? What does this tell us about the distribution of the data? 4. Calculate the variance and standard deviation of the data. 5. How many economies have a real income per capita greater than the average income? 6. How many economies are in the 10% part of the range?
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