Use the figure below to answer the following questions.
Figure 19.1.2
-Which point in Figure 19.1.2 indicates that the richest 20 percent of families earn 40 percent of the income?
Definitions:
Mode
The value that appears most frequently in a data set.
Sample Mean
The average value calculated from a sample, intended to estimate the population mean from which the sample was drawn.
Sample
A subset of a larger population selected for measurement or observation, intended to represent the larger group.
Standard Deviation
Standard deviation is a measure that quantifies the amount of variance or dispersion of a set of data values, indicating how much the values differ from the mean of the set.
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