Statistics for Business & Economics
12th Edition
ISBN: 9781285528830
Author: David R. Anderson
Publisher: Cengage Learning US
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Textbook Question
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).
- 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.
- 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 |
- 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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Statistics for Business & Economics
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