StatCrunch logo (home)

Report Properties
Thumbnail:

from Flickr
Created: Jun 17, 2019
Share: yes
Views: 38
Tags:
 
Results in this report
 
Data sets in this report
 
Need help?
To copy selected text, right click to Copy or choose the Copy option under your browser's Edit menu. Text copied in this manner can be pasted directly into most documents with formatting maintained.
To copy selected graphs, right click on the graph to Copy. When pasting into a document, make sure to paste the graph content rather than a link to the graph. For example, to paste in MS Word choose Edit > Paste Special, and select the Device Independent Bitmap option.
You can now also Mail results and reports. The email may contain a simple link to the StatCrunch site or the complete output with data and graphics attached. In addition to being a great way to deliver output to someone else, this is also a great way to save your own hard copy. To try it out, simply click on the Mail link.
EBL-Ch3-Forbes Richest Billionaires
Mail   Print   Twitter   Facebook

Data was based on Forbes.com 2008 Richest Americans. All numbers are in billions. 

Central Tendency 

The average or mean of the Richest American's in 2008 is 9.216 Billion. 

The median or middle of the Richest American's in 2008 is 6.3 Billion. This would imply a left-skewed distribution. 

The mode is 3.5 Billion. 

Variation

With the standard deviation of 8.45 Billion, 

The range of the data is 55.5 Billion. Meaning there was 55.5 Billion wealth gap between the richest person on the list, and "poorest" billionaire. 

5 Number Summary

3.5, 4.45, 6.3, 11.25, 59; would imply that there is a fair wealth gap even among billionaires. 

 

No outliers in the dataset. 

 

This data is important to me due to the career path I'm on. As I work for the ultra-wealthy. I am not surprised by the data. Even with ultra-wealthy, there is a huge concentration on the top and bottom span of the data. 

 

The boxplot shows the tails to be almost similar, yet the data shows that it's left-skewed. 

Result 1: Summary Stats-RichestStats   [Info]

Summary statistics:


ColumnnMeanVarianceStd. dev.Std. err.MedianRangeMinMaxQ1Q3SumIQRMode
Net Worth ($Bil)1009.21671.4789338.45452150.845452156.355.53.5594.4511.25921.66.83.5

Result 2: Boxplot-Richest   [Info]
Right click to copy

Data set 1. Forbes Richest Americans   [Info]
To analyze this data, please sign in.

HTML link:
<A href="https://www.statcrunch.com/5.0/viewreport.php?reportid=88050">EBL-Ch3-Forbes Richest Billionaires</A>

Comments
Want to comment? Subscribe
Already a member? Sign in.

Always Learning