Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and

Question

3 years ago

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Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and

all his cousins. He obtains the following data points: $52,000, $22,000, $92,000, $8,000, $118,000, $62,000, $38,000, $14,000, $132,000, $46,000, $26,000, $96,000, $54,000, $110,000, $80,000. The share of income received by the highest quintile of this income distribution is ______, which is _____ than that for the highest quintile of the U.S. income distribution in 2005.A. 37.9%, lowerB. 39.7%, lowerC. 37.9%, higherD. 39.7%, highe

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1 answer:

dusya [7] · Answer 1 · 2022-01-22T16:04:47+03:00

Answer:

The answer is Letter A.

Explanation:

Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and all his cousins. He obtains the following data points: $52,000, $22,000, $92,000, $8,000, $118,000, $62,000, $38,000, $14,000, $132,000, $46,000, $26,000, $96,000, $54,000, $110,000, $80,000. The share of income received by the highest quintile of this income distribution is 37.9%______, which is __lower___ than that for the highest quintile of the U.S. income distribution in 2005.