-The Table Above Gives the Average Income Received by Each

question 55

Essay

$$\begin{array} { c c c c } \begin{array} { c } \text { Household } \\\text { percentage }\end{array} & \begin{array} { c } \text { Average income } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Percentage } \\\text { of income }\end{array} & \begin{array} { c } \text { Cumulative } \\\text { percentage of } \\\text { income }\end{array} \\\hline \text { Lowest 20 percent } & 10,000 & - & - \\\text { Second 20 percent } & 26,000 & - & - \\\text { Third 20 percent } & 38,000 & - & - \\\text { Fourth 20 percent } & 55,000 & - & - \\\text { Highest 20 percent } & 140,000 & - & - \\\hline\end{array}$$
-The table above gives the average income received by each 20 percent group of households.Complete the table by finding the percentage of income earned by each group and the cumulative percentage of income.Label the figure below and then plot the Lorenz curve.

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