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A group of 10 people have the following incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000,...

A group of 10 people have the following incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000, $24,000, $16,000. Fill in the table below.

Quintile Incomes Percent of Total Income
Total first quintile income is $      %
Total second quintile income is $      %
Total third quintile income is $      %
Total fourth quintile income is $      %
Total fifth quintile income is $      %
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Answer #1

the data in ascending order: $10,000, $12,000, $16,000, $18,000, $24,000, $24,000, $36,000, $50,000, $80,000, $100,000.

total sum: $ 370,000

Quintile Incomes Percent of Total Income
Total first quintile income is $22,000 (10000+12000) 22000/370000 = 5.9%
Total second quintile income is $ 34000(16000+18000) 34000/3700000 = 9.2%
Total third quintile income is $ 48000(24000+24000) 48000/370000 = 12.9%
Total fourth quintile income is $ 86,000(36000+50000) 86000/370000 = 23.3%
Total fifth quintile income is $ 180,000(80000+100000) 180000/370000 = 48.7%
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