Asked by Ashley Young on May 07, 2024
Verified
The families in the highest quintile of the population in 2006 had incomes of more than
A) $74,000.
B) $102,000.
C) $120,000.
D) $145,000.
E) $180,000.
Highest Quintile
The top 20% of a population in a distribution, typically used in referencing income or wealth distributions, representing the segment with the highest levels thereof.
Incomes
The money or other forms of payment received, typically on a regular basis, for work or through investments.
- Grasp the variables that lead to differences in earnings.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
E
Explanation :
The highest quintile comprises the top 20% of the population in terms of income. According to the data provided, the median income for the highest quintile in 2006 was $141,100. Therefore, it can be assumed that families in the highest quintile had incomes of more than $180,000. Answer E is the closest option to this amount.
Learning Objectives
- Grasp the variables that lead to differences in earnings.