The poverty line in the country of Inequalia is $7,800. The distribution of income for Inequalia is as follows: Number of Families Income 200 less than $5,000
300 between $5,000 and $10,000
500 between $10,000 and $15,000
700 between $15,000 and $20,000
300 over $20,000 The poverty rate in Inequalia is

Question

The poverty line in the country of Inequalia is $7,800. The distribution of income for Inequalia is as follows: Number of Families Income   200 less than $5,000
300 between $5,000 and $10,000
500 between $10,000 and $15,000
700 between $15,000 and $20,000
300 over $20,000  The poverty rate in Inequalia is

Quizplus · Accepted Answer

To calculate the poverty rate, we need to find out the number of families whose income is below the poverty line of $7,800. There are 200 families whose income is less than $5,000 and can safely be assumed to be below the poverty line. Additionally, out of the 300 families with incomes between $5,000 and $10,000, a portion of them could be under the poverty line. Assuming a linear distribution of income, we can estimate that roughly 50% of those 300 families (i.e., 150) would be making less than $7,800. So, the total number of families below the poverty line is 200 + 150 = 350.

The total number of families in Inequalia is 200+300+500+700+300=2000
Thus, the poverty rate in Inequalia is (350/2000) * 100 = 17.5%, which falls between 10% and 25%. Thus, option B is the correct answer.

The Poverty Line in the Country of Inequalia Is $7,800