A University of Kansas study shows the following one-generation transition probabilities among four major income groups. In the long term, what percentage of male earners would you expect to find in each category
A) Bottom 10%: 35.79% 10-50%: 14.21%
50-90%: 14.21%
Top 10%: 35.79%
B) Bottom 10%: 13.21%
10-50%: 36.79%
50-90%: 36.79%
Top 10%: 13.21%
C) Bottom 10%: 36.79%
10-50%: 13.21%
50-90%: 13.21%
Top 10%: 36.79%
D) Bottom 10%: 14.21%
10-50%: 35.79%
50-90%: 35.79%
Top 10%: 14.21%
E) Bottom 10%: 10%
10-50%: 40%
50-90%: 40%
Top 10%: 10%
Correct Answer:
Verified
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