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Chapter 12: Problem 5

As shown in Exhibit 11,40 percent of families earned a cumulative share of about \(\quad\) percent of income. a. 5 b. 15 c. 30 d. 50

Short Answer

Expert verified
Based on the information provided in Exhibit 11, the cumulative share of income earned by 40% of families is approximately \(\boxed{c. \; 30 \; \%}\).

Step by step solution

01

Locate the Data for 40% of Families

Find the data point on Exhibit 11, where 40% of families are represented. This could be on a table or a graph, depending on the form of Exhibit 11.
02

Identify the Cumulative Share of Income

Once we find the data point for 40% of families, we can then determine the cumulative share of income associated with those families.
03

Match the Cumulative Share to the Given Options

After identifying the cumulative share of income for 40% of families, we can compare it to the available options (a. 5%, b. 15%, c. 30%, and d. 50%) to find the correct answer.
04

Select the Correct Answer

Once the cumulative share of income for 40% of families has been compared to the given options, select the option that matches the value found in Exhibit 11. That will be the solution to the exercise.

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Most popular questions from this chapter

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