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Use the Following to Answer Questions

question 22

Multiple Choice

Use the following to answer questions:
For each symptom listed, answer
-right-left discrimination ___

Differentiate between the concepts of income and wealth and their distribution.
Discuss the societal and economic impacts of income and wealth inequality.
Evaluate the arguments for and against greater income equality and the effects on incentives and utility.
Understand the rate of poverty in the United States and how it has changed over time.

Definitions:

Tchebysheff's Theorem

A statistical theorem stating that, for any real-valued random variable, the proportion of values lying within k standard deviations from the mean is at least 1-1/k^2, for k > 1.

Empirical Rule

A statistical guideline suggesting that within a normal distribution, nearly every data point can be found within three standard deviations of the central mean.

Stem-And-Leaf Plot

A graphical method for displaying quantitative data, where each number is split into a "stem" (the leading digit(s)) and a "leaf" (the last digit).

Mode

The value that appears most frequently in a data set.

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