A Study by the National Bureau of
Economic Research Reports $\text { Application strategies by Income (\%) }$

question 14

Essay

A study by the National Bureau of
Economic Research reports that college application strategies differ by income group. The three application strategies identified are: apply to a range of colleges, some selective some not; apply to no selective colleges; or, finally, use a mix of other strategies, such as applying to one selective college and one non-selective college. The percentages of students using these strategies, broken down by income, is shown in the table and the segmented bar chart.

In a few sentences describe how the college application strategies differ for the low, middle, and high income groups.

$\text { Application strategies by Income (\%) }$
$\begin{array}{|l|c|c|c|}\hline & \text { Range } & \text { Mixture } & \text { None } \\\hline \text { Low } & 8 & 39 & 53 \\\hline \text { Middle } & 35 & 31 & 34 \\\hline \text { High } & 64 & 25 & 11 \\\hline\end{array}$

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Definitions:

Discharge

(1) The termination of an obligation, such as occurs when the parties to a contract have fully performed their contractual obligations. (2) The termination of a bankruptcy debtor’s obligation to pay debts.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the person possessing it.

Intelligence

The ability to acquire and apply knowledge and skills, or information gathered for analysis in contexts such as security or business.

Authorized Agent

An individual or entity that is officially permitted to act on behalf of another person or organization.