Homework Answers
The population here is divided into 5 parts which are called quintile.
They are
0-20, 20-40 , 40-60, 60-80, 80-100.
Middle quintile refers to group of 40-60.
Cumulative frequency refers to sum of the frequencies of the group and all below that group.
We will get the income of middle quintile by taking the difference between the points in the cumulative percentage of income axis corresponding to 60 and 40 in in the cumulative percentage of population axis.
Which is 32.6% -17.3%
=15.3%
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Refer to the graph shown. < Cumulative percentage of income s S HA 6.6 10 20...
The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40...
The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40 50 60 70 80 90100 Cumulative percentage of population the effect of taxes is to make the distribution of income less equal, O the effect of taxes is to make the distribution of income more equal. O before-tax income and after-tax income are both equally distributed O taxes are highly regressive.
tml SCC Help Save & Ex Quantity Refer to the provided supply and demand graph S...
tml SCC Help Save & Ex Quantity Refer to the provided supply and demand graph S and Dy represent the curent market supply and demand, res One way thet the government could shift supply to its socially optimal level is to pectively. S2 and D2 represent the socialy optimal supply and demand < Prey 1f 20 Next>
Personal Income per Capita by State Cumulative frequency 50 40 за 20 10 48 15 34...
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Consider testing Ho: u = 20 against Ha: u< 20 where u is the mean number...
Consider testing Ho: u = 20 against Ha: u< 20 where u is the mean number of latex gloves used per week by all hospital employees, based on the summary statistics n = 47, X = 19.2, and s = 11.5. Complete parts a and b. a. Compute the p-value of the test. The p-value of the test is . (Round to four decimal places as needed.) b. Compare the p-value with a = 0.05 and make the appropriate conclusion....
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help please! <Ch 18 value: 5.00 points Which of the following statements is true on average? O Professional...
help please!
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The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40 50 60 70 80 90100 Cumulative percentage of population the effect of taxes is to make the distribution of income less equal, O the effect of taxes is to make the distribution of income more equal. O before-tax income and after-tax income are both equally distributed O taxes are highly regressive.
tml SCC Help Save & Ex Quantity Refer to the provided supply and demand graph S and Dy represent the curent market supply and demand, res One way thet the government could shift supply to its socially optimal level is to pectively. S2 and D2 represent the socialy optimal supply and demand < Prey 1f 20 Next>
Personal Income per Capita by State Cumulative frequency 50 40 за 20 10 48 15 34 15 Per capita income $1000) 27.5 32.5 375 42.5 475 52.5 (i) Ogive Showing Cumulative Percentage of Data Personal Income per Capita by State Percent of states 100% 100 90 80 70 60 50 40 30 20 10 96 30 Per capita income (S1000) 27.5 325 37.542.5 475 52.5 (a) How were the percentages shown in graph (i) computed? 0 The percentages in graph...
Consider testing Ho: u = 20 against Ha: u< 20 where u is the mean number of latex gloves used per week by all hospital employees, based on the summary statistics n = 47, X = 19.2, and s = 11.5. Complete parts a and b. a. Compute the p-value of the test. The p-value of the test is . (Round to four decimal places as needed.) b. Compare the p-value with a = 0.05 and make the appropriate conclusion....
SML Average Expected Rate of Return х Risk Level (Beta) Refer to the graph. Suppose a particular financial asset's risk and return profile puts it at point E. The process of arbitrage will O move the financial asset to point on the Security Market Line. move the financial asset to point D. o not change the financial asset's position on the Security Market Line. O move the financial asset to point F. SML SML, Average Expected Rate of Return Risk...
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales Cost of goods sold Gross profit s 765,000 560,000 205.000 129,200 5 75,800 3640,000 284 400 355 600 224,000 $ 131,600 Net ncome Has the company's situation improved in the most recent year? Yes <Prev 30, 71ll Next > ere to search
help please!
<Ch 18 value: 5.00 points Which of the following statements is true on average? O Professional specialists earn more than workers in precision production. O Female executives earn less than male clerical workers. O Male and female service workers earn the same amount. O Female machine operators earn more than female administrators. References Learning Objective: 18-02 Summarize socioeconomic tensions that high inco inequalities can cause. Multiple Choice Section: Socioeconomic Patterns of Po Difficulty: 3 Hard The democratic system...
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Frieden Company's contribution format income statement for last month is shown below: Sales (35,600 units) Variable expenses $789,089 499,000 Contribution margin Fixed expenses 210, seg 168,888 Operating income $ 42,000 Competition is intense, and Frieden Company's profits vary considerably from one year to the next. Management is exploring opportunities to increase profitability. Required: 1. Frieden's management is considering a major upgrade to the manufacturing equipment, which would result in fixed expense increasing by $210,000 per month. However, variable expenses would...
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