Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

A group living in the United States in 2004 consisted of fifteen households with no elderly members. There were five single individuals living separately from each other (less than 65 years old). Their incomes were $7,000, $7,500, $8,000, $9,000, and $10,000 respectively. There were five married-couple households (under age 65) with incomes of $10,000, $11,000, $12,000, $13,000, and $14,000, respectively. And there were five two parent (under age 65), two-child households with incomes of $10,000, $15,000, $20,000, $25,000, and $30,000, respectively. What percentage of these households were poor? What was the poverty rate among this group? Note: In 2004, for a single person family in which the individual was less than 65 years old, the poverty threshold was $9,827. The poverty threshold for a couple without children (both adults under 65) was $12,649. For a four-person family with two adults (under age 65) and two children, it was $19,157.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91520727

Have any Question?


Related Questions in Business Economics

Principles of management assignment task what managers doin

Principles of Management Assignment Task: What Managers Do? In today's modern world, business organizations play important role in the progress of the country. The country's economic welfare primarily depends on how dyna ...

According to a researchnbspinstitution the average hotel

According to a research? institution, the average hotel price in a certain year was ?$95.36. Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected. a.  Calculate the stand ...

Suppose the production function for a firm is given

Suppose the production function for a firm is given by:  q=4L 0.5 K 0.25 . In the short run, the firm has  16 units of capital.  Find the Marginal Product of Labor (MP L ). Fill in the appropriate numbers in the function ...

Question onethe following is the number of first year

QUESTION ONE The following is the number of first year students who selected the three mathematics units for trimester one; Unit Number of students Calculus only 20 Calculus but not Statistics 22 Calculus and Real analys ...

In families with four children youre interested in the

In families with four children, you're interested in the probabilities for the different possible numbers of girls in a family. Using theoretical probability (assume girls and boys are equally likely), compile a five-col ...

Test the following hypotheses of the difference in

Test the following hypotheses of the difference in population means by using the following data (α = .10) H0: µ1- µ2=0, Ha: µ1- µ2 Sample 1 : X=51.3 σ2=52 n=31; Sample 2: X=53.2 σ2=60 n=32 Use the critical value method t ...

Is it possible to have no or very small collinearity and

Is it possible to have no (or very small) collinearity and correlation between variables, yet have the same R squared and Adjusted R squared values?

In random sampling why is cluster sampling an example of

In random sampling, why is cluster sampling an example of probability sampling?

Suppose that third national bank has reserves of 20000 and

Suppose that Third National Bank has reserves of $20,000 and check able deposits of $200,000. The reserve ratio is 10 percent. The bank sells $20,000 in securities to the Federal Reserve Bank in its district, receiving a ...

State the total degrees of freedom for the

State the total degrees of freedom for the following  t -tests. (If you need to use ∞, enter INFINITY.) (a)  n  = 17 for a one-independent sample  t -test (b)  df 1  = 12,  n 2  = 18 for a two-independent sample  t -test ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As