The distribution of income for Dismal is as follows: If the poverty rate in Dismal is 50 percent, what is the poverty line in Dismal?

Question

The distribution of income for Dismal is as follows:  If the poverty rate in Dismal is 50 percent, what is the poverty line in Dismal?

Quizplus · Accepted Answer

The poverty line is the income level at which 50% of the population falls below. From the distribution of income, we can see that the 50th percentile (which represents the income level at which 50% of the population falls below) is at $20,000. Therefore, the poverty line in Dismal is $20,000.

The Distribution of Income for Dismal Is as Follows