The state of California defines family income groups in terms of median county income as follows:
Extremely low income: below 30% of county median income
Very Low income: between 30o/o and 50% of county median income
Low income: between 50% and 80o/o of county median income
Moderate income: between 80% and 120% of county median income
For San Luis Obispo county, the median household income in 2015 was $60,691 (slohealthcounts.org/indicators/index/view?indicatorld=315&1ocaleld=277, retrieved March 18, 2018).
- a. Interpret the value of the median household income in 2015 for San Luis Obispo County.
- b. Each of the following statements is incorrect. For each statement, use the given information to explain why it is incorrect.
Statement 1: 30% of the households in San Luis Obispo County would be classified as extremely low income.
Statement 2: More than 50% of the households in San Luis Obispo County would be classified as extremely low income or very low income.
Statement 3: There cannot be any households in San Luis Obispo County that would be classified as having an income that was greater than those in the moderate-income category.
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Chapter 4 Solutions
Introduction To Statistics And Data Analysis
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill