Document ASource: Adapted from the video "Wealth Inequality in America," 2012; and the Organization for Economic Coop-eration and Development, 2015.Note: In 2011, a Harvard professor surveyed more than 5,000 Americans on how they thought wealth wasdistributed in the United States and how it should be distributed. The top two bars show the results of thesurvey by quintile. The bottom bar shows the actual distribution of wealth in the United States.Public Perceptions of Economic Inequality in the USEVPresumed Distribution of Wealthwealthiestfourth20%middle20%second20%20%Ideal Distribution of Wealthwealthiestpoorest20%fourth20%middle20%second20%20%poorest 20%Actual Distribution of Wealthwealthiest20%Note: In 2015, the wealthiest 20 percent of Americans owned 88 percent of the nation's wealth. The second-wealthiest quintile owned 9 percent. The middle quintile owned 3 percent. The bottom two quintiles ownedless than 1 percent.fourth 20middle 20%poorestsecond%07 1. What is a quintile and what do the five quintiles represent in this document?2. Using an eyeball estimate, what percent of US wealth do respondents presume is held by thewealthiest 20 percent?

1) A statistical value of any data set representing 20% of the given population is a quintile. In…

Answered: 1. What is a quintile and what do the…

1. What is a quintile and what do the five quintiles represent in this document? 2. Using an eyeball estimate, what percent of US wealth do respondents presume is held by the wealthiest 20 percent?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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