A 2010 U.S. Census report indicated that nearly 65 percent of U.S. households have “below average” income. In this insta...
A 2010 U.S. Census report indicated that nearly 65 percent of U.S. households have “below average” income. In this instance, which measure was used to represent the average U.S. household income?
Homework Answers
The measure which was used to represent the average U.S.household income is "Income segregation"
Income segregation—the extent to which high and low income families live in separate neighborhoods—can be measured in a number of way.
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A 2010 U.S. Census report indicated that nearly 65 percent of U.S. households have “below average” income. In this insta...
According to the 2010 U.S. Census Bureau's American Community Survey report, the ethnic majority shifted from...
According to the 2010 U.S. Census Bureau's American Community Survey report, the ethnic majority shifted from 75 percent European American in 1960 to a Latin American majority in 2007. A. 45 percent B. 37 percent C. 54 percent D. 24 percent SUBMIT
1. From census data it is known that the average income of households in ABA County...
1. From census data it is known that the average income of households in ABA County is $58,500. It is also known that the distribution of household income in ABA County is strongly skewed to the right with a standard deviation of $14,000. A researcher is going to randomly select a sample of 5 households from ABA County. Which of the following is true? Select all that apply. a. The sampling distribution of the mean will have a smaller standard...
Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that...
Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to represent the whole population. The data collected are used to measure income inequality. Which of the following is a reason that consus data may provide an inaccurate measure of income inequality? In kind transfers do not improve standards of living but are counted as income. Very few people move from one Income quintile to another over the years. Higher income...
According to the most recent census, the average total yearly expenses of households in Wake County...
According to the most recent census, the average total yearly expenses of households in Wake County is $38,500. It is also known that the distribution of household expenses in Wake County is strongly skewed to the right with a standard deviation of $10,500. A researcher is going to randomly select a sample of 5 households from Wake County. Which of the following is true? Select all that apply. Select one or more: a. The sampling distribution of the sample mean...
Question text According to the most recent census, the average total yearly expenses of households in...
Question text According to the most recent census, the average total yearly expenses of households in Wake County is $45,900. It is also known that the distribution of household expense in Wake County is strongly skewed to the right with a standard deviation of $8,370. A researcher is going to randomly select a sample of 7 households from Wake County. Which of the following is true? Select all that apply. Select one or more: a. The sampling distribution of the...
HD Webcam HO Wideo Canencng om/modules/unproctoredTest.QuestionSheet "Historical Income Tables: Households,"...
HD Webcam HO Wideo Canencng om/modules/unproctoredTest.QuestionSheet "Historical Income Tables: Households," United States Census Bureau, accessed August 6, 2014. https//www.census.gov/data/tables/ime- series/demo/income-poverty/historical-income-households.html. Due to temporary tax cuts in 2010, persons in the U.S. who eanmed $50, 000 per year had a lower tax rate. On average, these persons retained 2% more of their income than before the cuts, due to the lower rate. The 2010 law als0 gave the same persons a separate $850 credit on their federal tax return, which means...
There's been a fair amount of talk about income inequality in the U.S. Or more to...
There's been a fair amount of talk about income inequality in the U.S. Or more to the point, talk about how inequality has been increasing. So has it? And to what extent? Let's take a look at income shares. We can take the income earned by every U.S. resident and add them all up. That's total or aggregate income. Then we can divide households up according to their incomes. Let's think that we put households on a "ladder" according to...
On average, U.S. households with income in the bottom 20% pay _____ of their incomes in...
On average, U.S. households with income in the bottom 20% pay _____ of their incomes in federal income tax. A. less than 5% B. between 5% and 15% C. more than 25% D. between 15% and 25% The Social Security program in the United States is financed by: A. FICA tax revenue. B. excise tax revenue. C. corporate income tax revenue. D. individual income tax revenue. When fiscal policy is done through tax cuts instead of spending increases: A. the...
The ogives shown are based on U.S. Census data and show the average annual personal income...
The ogives shown are based on U.S. Census data and show the average annual personal income per capita for each of the 50 states. The data are rounded to the nearest thousand dol lars. (i) Ogive Personal Income per Capita by State Cumulative frequency 50 49 50 40 30 20 10 Per capita income 37.5 ($1000) 27.5 32.5 42.5 47,5 52.5 (i) Ogive Showing Cumulative Percentage of Data Personal Income per Capita by State Percent of states 100% 100 90...
2) The graph below represents household income for the US population in the year 2005. The...
2) The graph below represents household income for the US population in the year 2005. The average (mean) income was $63,344 and the median income was $46,326. population standard deviation of $27,435. Assume a 112,363,000 households below $250,000 150000 Total 114,384,000 households 94 705 1250,000 a. Explain why the Empirical rule cannot be used for this data. Why would Chebyshev's rule be a good alternative? According to Chebyshev's rule, what income range would have at least the middle 75% of...
According to the 2010 U.S. Census Bureau's American Community Survey report, the ethnic majority shifted from 75 percent European American in 1960 to a Latin American majority in 2007. A. 45 percent B. 37 percent C. 54 percent D. 24 percent SUBMIT
Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to represent the whole population. The data collected are used to measure income inequality. Which of the following is a reason that consus data may provide an inaccurate measure of income inequality? In kind transfers do not improve standards of living but are counted as income. Very few people move from one Income quintile to another over the years. Higher income...
HD Webcam HO Wideo Canencng om/modules/unproctoredTest.QuestionSheet "Historical Income Tables: Households," United States Census Bureau, accessed August 6, 2014. https//www.census.gov/data/tables/ime- series/demo/income-poverty/historical-income-households.html. Due to temporary tax cuts in 2010, persons in the U.S. who eanmed $50, 000 per year had a lower tax rate. On average, these persons retained 2% more of their income than before the cuts, due to the lower rate. The 2010 law als0 gave the same persons a separate $850 credit on their federal tax return, which means...
There's been a fair amount of talk about income inequality in the U.S. Or more to the point, talk about how inequality has been increasing. So has it? And to what extent? Let's take a look at income shares. We can take the income earned by every U.S. resident and add them all up. That's total or aggregate income. Then we can divide households up according to their incomes. Let's think that we put households on a "ladder" according to...
The ogives shown are based on U.S. Census data and show the average annual personal income per capita for each of the 50 states. The data are rounded to the nearest thousand dol lars. (i) Ogive Personal Income per Capita by State Cumulative frequency 50 49 50 40 30 20 10 Per capita income 37.5 ($1000) 27.5 32.5 42.5 47,5 52.5 (i) Ogive Showing Cumulative Percentage of Data Personal Income per Capita by State Percent of states 100% 100 90...
2) The graph below represents household income for the US population in the year 2005. The average (mean) income was $63,344 and the median income was $46,326. population standard deviation of $27,435. Assume a 112,363,000 households below $250,000 150000 Total 114,384,000 households 94 705 1250,000 a. Explain why the Empirical rule cannot be used for this data. Why would Chebyshev's rule be a good alternative? According to Chebyshev's rule, what income range would have at least the middle 75% of...
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