How are quintiles calculated? Select the correct answer below: O Calculated using the average of the entire population. Ranks people by age from lowest to highest and divided by five. The totals are then summed to compare to the total income. Quintiles rank the population from the lowest to highest and divides all households into five O groups of equal numbers of people. The totals are then summed to compare to the total income. O Ranks the households from largest to smallest and finds the income mode.

How are quintiles calculated? Select the correct answer below: O Calculated using the average of the entire population. Ranks people by age from lowest to highest and divided by five. The totals are then summed to compare to the total income. Quintiles rank the population from the lowest to highest and divides all households into five O groups of equal numbers of people. The totals are then summed to compare to the total income. O Ranks the households from largest to smallest and finds the income mode.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter18: Income Distribution And Poverty

Section: Chapter Questions

Problem 4QFR

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