Table 21-1 ​

question 11

Multiple Choice

Table 21-1 ​
-Consider the economy described by the income distribution in Table 21-1.From this table, we can conclude that the poorest 60 percent of the population earns

• A)15 percent of the income.
• B)17 percent of the income.
• C)32 percent of the income.
• D)68 percent of the income.

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Definitions:

True One

Often refers to something or someone regarded as genuinely authentic or real.

Statistically Significant

A mathematical indication that a result is not likely to have occurred by chance alone, suggesting a real effect or relationship exists in the data.

Chance Variation

Fluctuations in data that result from random differences in samples or experimental conditions.

Means

Methods or ways of achieving something.