Let's assume that in California, there is an organization, which has ten partners. The table below represents the annual income of these ten partners: Income $12,000 $37,000 $65,000 $131,000 $14,000 $44,000 $77,000 $25,000 $19,000 $31,000 What is the total amount of income comprising the highest quintile of this income distribution? 208,000
Let's assume that in California, there is an organization, which has ten partners. The table below represents the annual income of these ten partners: Income $12,000 $37,000 $65,000 $131,000 $14,000 $44,000 $77,000 $25,000 $19,000 $31,000 What is the total amount of income comprising the highest quintile of this income distribution? 208,000
Chapter1: Making Economics Decisions
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![Let's assume that in California, there is an organization, which has ten partners. The table below
represents the annual income of these ten partners:
Income
$12,000
$37,000
$65,000
$131,000
$14,000
$44,000
$77,000
$25,000
$19,000
$31,000
What is the total amount of income comprising the highest quintile of this income
distribution?
208,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3bf05ec5-7bd8-4de0-bcf7-435ce07a45ce%2Fe799ed94-d6bf-4878-9f61-14bf3cf01190%2Fkqwqx2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Let's assume that in California, there is an organization, which has ten partners. The table below
represents the annual income of these ten partners:
Income
$12,000
$37,000
$65,000
$131,000
$14,000
$44,000
$77,000
$25,000
$19,000
$31,000
What is the total amount of income comprising the highest quintile of this income
distribution?
208,000
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