The table below describes the income for a 10person economy

The table below describes the income for a 10-person economy use this information to answer the following two (2) questions Person Income Mark David Alice Sarah Frank Dee Carol Ben Warren $44,000 $20,000 $39,000 $68,000 $32,000 $35,000 $40,000 $56,000 $23,000 $43,000 Megan What percentage of income does the bottom decile earn? 10% 20% @ 2% 5%

Solution

A decile is the one tenth division of data set ordered in ascending order. So we have to divide this 10 person economy into ten equal parts which means one part is one person. Thus the bottom decile is the person with the lowest income and income of the bottom decile person is $20000

Total income = 44000+20000+39000+68000+32000+35000+40000+56000+23000+43000=400000

Thus percent of income the bottom decile earns is 20000/400000=5%