Use the median income graph in Exercise 5 to answer the following questions, making reasonable approximations where needed. (a) What was the average yearly growth of median income between 1993 and 1999? (b) The median income was increasing during the 6-year period between 1993 and 1999. Was it increasing more rapidly during the first 3 years or the last 3 years of that period? Explain your reasoning. (c) Consider the statement: “After years of decline, median income this year was finally higher
Use the median income graph in Exercise 5 to answer the followin…
Dec 4, 2019
numerade.com
Suppose that a typical household in the United States has an average after-tax income of 41,700.The circle graph below represents how this annual income is spent. (Note: It is because of roundingthat the percents do not add up to 100%.) Approximately what amount is spent on clothing?Health CareEntertainment5%5%Clothing6%Housing33%Insurance/Pensions9%Other11%Food14%Transportation17%
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May 1, 2023
numerade.com
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Census Bureau reports average household income
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438K views · 733 reactions | Here is the average income by age in America. Keep in mind these are averages which included the lowest of the lows and the highest of the highs. Here is what the average income looks like in the 75th percentile: 25-year-olds: $57,000 35-year-olds: $85,000 45-year-olds: $95,000 55 and 65-year-olds: $100,000 | George Kamel | Facebook
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