The average college student sebt in 2013 has a mean of \( \$ 26,361, * 1 \) point a median of \( \$ 26,361 \), and a standard deviation of \( \$ 3,310 \). Compare the mean and the median. The relationship between the mean and the median is: Mean = Median (or very close) Mean < Median

In this case, the mean and the median are both \( \$ 26,361 \), indicating that the distribution of spending is fairly symmetrical. When both these measures are close or equal, it suggests a balanced distribution without extreme values dramatically affecting the average. This can often imply that most students are spending around that median value, leading to a harmonious financial situation among peers. An important aspect to consider when interpreting mean and median is the presence of outliers. In this situation, if there were a few students who spent significantly more or less than the average, it might distort the mean while the median would remain unaffected. Always check the distribution to reveal the true financial landscape—it could surprise you!