A government agency reported in a comprehensive survey, released every three years, that the average income of families in the country declined from 2001 to 2004. This was the first decline since 1989-1992. A sample of incomes was taken in 2001 and repeated in 2004. After adjusting for inflation, the data that arise from these samples are given in the accompanying table. Complete parts a through d below. Click the icon to view the table of incomes in 2001 and 2004. a. Determine the percentage decline indicated by the two samples. The percentage decline is %. (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A government agency reported in a comprehensive survey, released every three years, that the average income of families in the country declined from 2001
to 2004. This was the first decline since 1989-1992. A sample of incomes was taken in 2001 and repeated in 2004. After adjusting for inflation, the data that
arise from these samples are given in the accompanying table. Complete parts a through d below.
Click the icon to view the table of incomes in 2001 and 2004.
a. Determine the percentage decline indicated by the two samples.
The percentage decline is
%. (Round to two decimal places as needed.)
Transcribed Image Text:A government agency reported in a comprehensive survey, released every three years, that the average income of families in the country declined from 2001 to 2004. This was the first decline since 1989-1992. A sample of incomes was taken in 2001 and repeated in 2004. After adjusting for inflation, the data that arise from these samples are given in the accompanying table. Complete parts a through d below. Click the icon to view the table of incomes in 2001 and 2004. a. Determine the percentage decline indicated by the two samples. The percentage decline is %. (Round to two decimal places as needed.)
Income 2001
89,997 65,864
56,076 83,142 84,976
62,942 55,626 81,982
58,737 87,755 93,425
64,264 57,088 66,810
58,132 69,998 87,819
75,623 68,765 80,751
78,735 74,050 52,239
74,432 54,131 57,826
65,642 64,767
66,713
47,998 71,473 81,631
85,152 67,499 42,789
94,126 71,708 47,053
79,845 77,826 71,967
75,415 49,002 74,163
74,672 87,001 34,673
62,518 85,175 91,376
68,971 65,614 95,569
75,881 75,425 56,503
58,019 81,763 81,214
57,819 95,270 74,733
89,789 71,502 68,490
102,574 67,565 86,667
79,029 88,286 77,416
76,455 72,053
63,988
Income 2004
73,842 67,191
63,478
61,607
68,922
73,182
74,218
73,100
69,561
47,319
94,553
92,071
65,294
82,839
82,758
77,260
74,187
68,191
50,214
83,279
55,753
79,043
64,792
91,274
77,088
85,442
Transcribed Image Text:Income 2001 89,997 65,864 56,076 83,142 84,976 62,942 55,626 81,982 58,737 87,755 93,425 64,264 57,088 66,810 58,132 69,998 87,819 75,623 68,765 80,751 78,735 74,050 52,239 74,432 54,131 57,826 65,642 64,767 66,713 47,998 71,473 81,631 85,152 67,499 42,789 94,126 71,708 47,053 79,845 77,826 71,967 75,415 49,002 74,163 74,672 87,001 34,673 62,518 85,175 91,376 68,971 65,614 95,569 75,881 75,425 56,503 58,019 81,763 81,214 57,819 95,270 74,733 89,789 71,502 68,490 102,574 67,565 86,667 79,029 88,286 77,416 76,455 72,053 63,988 Income 2004 73,842 67,191 63,478 61,607 68,922 73,182 74,218 73,100 69,561 47,319 94,553 92,071 65,294 82,839 82,758 77,260 74,187 68,191 50,214 83,279 55,753 79,043 64,792 91,274 77,088 85,442
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman