Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and all his cousins. He obtains the following data points: 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 What is the percentage of income received by the third quintile of the income distribution of Paddy's cousins? Round your answer to the nearest tenth.

Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and all his cousins. He obtains the following data points: 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 What is the percentage of income received by the third quintile of the income distribution of Paddy's cousins? Round your answer to the nearest tenth.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphs To Economics

Problem 2SQP

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