Suppose that the relation of family income to consumption is linear. Of those families in the...

Suppose that the relation of family income to consumption is linear. Of those families in the 90th percentile of income, what proportion would you expect to be at or above the 90th percentile of consumption.

about 50%

less than 50%

greater than 50%

And what about this?

Suppose that the relation of family income to consumption is linear. Of those families in the 50th percentile of income, what proportion would you expect to be at or above the 50th percentile of consumption.

about 50%

less than 50%

greater than 50%

Expert Solution

1.

2.

orchestra answered 2 years ago

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