refer to the following quintile earnings distribution data$$\begin{array} { l r }
\text { Quintile } & \text { Percent } \
\text { Lowest } 20 \% & 4 \% \
\text { Second } 20 \% & 11 \% \
\text { Third } 20 \% & 16 \% \
\text { Fourth } 20 \% & 24 \% \
\text { Highest } 20 \% & 45 \%
\end{array}$$
-The median of this distribution is in the:

Question

refer to the following quintile earnings distribution data$$\begin{array} { l r } 
\text { Quintile } & \text { Percent } \
\text { Lowest } 20 \% & 4 \% \
\text { Second } 20 \% & 11 \% \
\text { Third } 20 \% & 16 \% \
\text { Fourth } 20 \% & 24 \% \
\text { Highest } 20 \% & 45 \%
\end{array}$$
-The median of this distribution is in the:

Quizplus · Accepted Answer

The median is the middle point of a distribution, meaning that 50% of the population falls below it and 50% falls above it. In this dataset, we know that the highest 20% earns 45% of the income, so the lowest 80% earns 55%. With the lowest 20% earning 4%, that leaves 51% of the population to be divided between the second, third, and fourth quintiles. Since the fourth quintile has the highest percentage of the remaining population (24%), it is safe to assume that the median falls within this range. Thus, the correct choice is C) fourth 20%.

Refer to the Following Quintile Earnings Distribution Data -The Median of This Distribution Is in The: A)second 20

Refer to the Following Quintile Earnings Distribution Data -The Median of This Distribution Is in The:
A)second 20