One-Variable Statistics

One-Variable Statistics

Let’s say in 2013 the median household income in the US was $52,000, which was 8% percent below the median income in 2007. However, the mean income increased 6% from 2007 to 2013 to $72,000. How is this possible, and what does it actually tell us about household incomes in the US in that 6 year timespan? Please upload a visual with your reply.