EBK STATISTICS FOR BUSINESS & ECONOMICS
EBK STATISTICS FOR BUSINESS & ECONOMICS
12th Edition
ISBN: 8220100460463
Author: Anderson
Publisher: CENGAGE L
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Chapter 2.3, Problem 29E

The following crosstabulation shows household income by educational level of the head of household (Statistical Abstract of the United States: 2008).

  1. a. Compute the row percentages and identify the percent frequency distributions of income for households in which the head is a high school graduate and in which the head holds a bachelor’s degree.
  2. b. What percentage of households headed by high school graduates earn $75,000 or more? What percentage of households headed by bachelor’s degree recipients earn $75,000 or more?
  Household Income ($1000s)  
Educational Level Under 25 25.0–49.9 50.0–74.9 75.0–99.9 100 or more Total
Not H.S. graduate 4207 3459 1389 539 367 9961
H.S. graduate 4917 6850 5027 2637 2668 22,099
Some college 2807 5258 4678 3250 4074 20,067
Bachelor’s degree 885 2094 2848 2581 5379 13,787
Beyond bach. deg. 290 829 1274 1241 4188 7822
Total 13,106 18,490 15,216 10,248 16,676 73,736
  1. c. Construct percent frequency histograms of income for households headed by persons with a high school degree and for those headed by persons with a bachelor’s degree. Is any relationship evident between household income and educational level?
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Chapter 2 Solutions

EBK STATISTICS FOR BUSINESS & ECONOMICS

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