A: ### Quick Answer

**As of 2014, the average savings of a 30-year-old is between $5,000 and $9,999; the second most common range for this age is $10,000 to $24,999.** These numbers vary based on location, family background and education.

For the group aged 33 to 44, the median savings amount is $61,000, compared to only $12,000 in the 25-to-32 range. The ideal amount in savings for a 30-year-old is enough to cover expenses for one full year. Thus the right amount varies depending on personal expenses. If a person lives frugally, he potentially saves enough in one to three years to reach this goal. Savings grow with time, since age 30 is quite young in terms of a person's expected work potential.

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## How do you find the range of a set of numbers?

A:To find the range in a given data set, put the data set in numerical order from least to greatest, and then subtract the lowest value from the highest value. The range is how far apart the highest and lowest values are.

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## What are some examples of continuous variables?

A:

Full Answer >**Some examples of continuous variables are measuring people's weight within a certain range, measuring the amount of gas put into a gas tank or measuring the height of people.**A continuous variable is any variable that can be any value in a certain range.Filed Under: - Q:
## What is a 99 percent confidence interval?

A:A confidence interval indicates how uncertain a researcher is about an estimated range of values. A 99 percent confidence interval indicates that if the sampling procedure is repeated, there is a 99 percent chance that the true average actually falls between the estimated range of values.

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## How do you construct a confidence interval?

A:A confidence interval for a statistical measure (range) is used to quantify the amount of uncertainty associated with a sample estimate of a population parameter. It is computed as Estimate ± Margin of Error. In a 95 percent confidence interval, for example, 95 percent of the samples are within the calculated population parameters.

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