Engineering Economy (17th Edition)
17th Edition
ISBN: 9780134870069
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 14, Problem 4P
To determine
Ranking the alternatives.
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Students have asked these similar questions
A very small town has only 15 households and they have the following annual incomes:
$52,000, $22,000, $92,000, $8,000, $118,000, $62,000, $38,000, $14,000, $132,000, $46,000, $26,000, $96,000, $54,000, $110,000,
$80,000.
Based on this information, answer the following:
a) Calculate the share of total income received by each quintile of this income distribution. Show your work!
b) Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the
U.S. income distribution for 2011? Compared to the U.S. does this city have higher or lower income inequality?
(In 2011, the bottom quintile of the income distribution received 3.2% of income and the top quintile, 51.14%)
Jackson invested $750 into a savings bond that earned 3% interest each month. At the same time, he also began saving money in a savings account. The value of the savings account is represented by f(x)=1,000+25x, where x represents the Number of months since the account was opened. At the end how many months did the value of the savings bond first begin to exceed the value of the savings account?
Gg.207.
Chapter 14 Solutions
Engineering Economy (17th Edition)
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