If the U.S. population were split into quintiles based on income, with the lowest quintile representing the poorest 20 percent, then those who earned the median income for the United States would be in the _______ quintile.

Question

Quizplus · Accepted Answer

The median income represents the middle point of income distribution, meaning half of the population earns less and the other half earns more. Therefore, those earning the median income would fall into the third quintile, as it represents the middle segment of the population when divided into five equal parts based on income.

If the US Population Were Split into Quintiles Based on Income, with Income