The distribution of income for Abbyville is as follows: Number of Families Income 300 less than $15,000
500 between $15,000 and $20,000
900 between $20,000 and $25,000
600 between $25,000 and $30,000
200 over $30,000 If the poverty rate in Abbyville is 12 percent, what is the poverty line in Abbyville?

Question

The distribution of income for Abbyville is as follows: Number of Families Income   300 less than $15,000
500 between $15,000 and $20,000
900 between $20,000 and $25,000
600 between $25,000 and $30,000
200 over $30,000  If the poverty rate in Abbyville is 12 percent, what is the poverty line in Abbyville?

Quizplus · Accepted Answer

To find the poverty line in Abbyville, we need to first calculate the number of families with income less than the poverty line.

Number of families with income less than $15,000 = 300

Total number of families = 300 + 500 + 900 + 600 + 200 = 2500

Now, we can use the poverty rate formula:

Poverty rate = (Number of families with income less than the poverty line ÷ Total number of families) × 100

12 = (X ÷ 2500) × 100

X = 300

Therefore, the poverty line in Abbyville is $15,000.

The Distribution of Income for Abbyville Is as Follows: Number