Access over 20 million homework & study documents

search

A group of 10 people have the following annual incomes $55,000, $30

Content type
User Generated
Rating
Showing Page:
1/1
A group of 10 people have the following annual incomes:
$55,000, $30,000, $15,000, $20,000, $35,000, $80,000,
$40,000, $45,000, $30,000, $50,000. Calculate the share
of total income received by each quintile of this income
distribution. Do the top and bottom quintiles in this
distribution have a greater or larger share of total income
than the top and bottom quintiles of the U.S. income
distribution for 2005?
Solution

Sign up to view the full document!

lock_open Sign Up
Unformatted Attachment Preview
A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of this income distribution. Do the top and bottom quintiles in this distribution have a gre ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Just what I needed…Fantastic!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4