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Is income a type of ordinal data?
Possibly... It depends on how you code income. If income is listed as an actual amount of money earned within a year, then it is interval data because there is a measurable difference between the income of one person vs the income of a second person. For example, one person might make $25,000 and another might make $26,000. We know that the first person makes exactly $1,000 less than person 2. We also know that person 2 makes more than person 1. If I have 10 people and I call the richest person "1" the second richest person "2", etc. Then the numbers 1 - 10 are ordinal data for "income". Notice that Ordinal data does not give us any measurable distance between two people. Income "5" might be $1 more than income "6". But Income 7 might be $10,000 less than income "6". All we know with ordinal data is that 1 is larger than 2, 2 is larger than 3, etc.
What is the probability that a 70 percent free throw shooter would make 1 of 2 shots?
The probability the shooter makes both shots is .7 * .7 = .49, and the probability of making neither is .3 * .3 = .09. So the probability of making exactly 1 out of 2 is 1 - .49 - .9 = .42, or 42 percent.
If you have a 1 percent chance of doing something and you have 30 tries what is your chance of succeeding?
If you have a 1 percent chance of doing something, and you have 30 tries, your chance of succeeding is 26 percent, or 1 - (1 - .01)30.
What is 1 percent of 5 million?
50 thousand Reasoning; Percent, means out of a hundred. so divide 1 million, 1,000,000, by 100. = 10,000 (ten thousand) that is 1 percent of a million. Then multiply that by 5. 10,000 x 5 = 50,000. one percent multiplied by five equals five percent.
What 1 percent of 175000?
1750
How much do the top 1 percent make?
The top one percent of the population holds ninety to ninety-five percent of the wealth in the US.
What percent of US wealth do the rich 1 percent control?
The top 1% of the wealthiest Americans control about 40% of the country's wealth. This disparity in wealth distribution has been a topic of debate, especially in discussions about income inequality and economic opportunities.
How much do the top 1 make?
The top one percent of the population holds ninety to ninety-five percent of the wealth in the US.
Do professionals have to pay taxes?
Professional whats?Actually, by law, everyone must pay taxes to the commonwealth in which they live and for any services or products they pay for which are deemed taxable.It's just that the tax laws are written to favor the wealthy.Of course professionals pay taxes...in fact much more than all others combined...and historically....they and the aristocracy were frequently the only ones to do so. More clearly, they use less of the things taxes are needed to pay for...(they don't use public services much), and just as clearly, buy many more things that have sales, excise and other taxes placed on them than those who live at a more substance level.Facts: http://www.taxfoundation.org/taxdata/show/250.html Where the independent and in depth analysis to support (the top 1% of earners pay 40% of all the tax): "This year's numbers show that both the income share earned by the top 1 percent and the tax share paid by the top 1 percent have reached all-time highs. In 2005, the top 1 percent of tax returns paid 39.4 percent of all federal individual income taxes and earned 21.2 percent of adjusted gross income, both of which are significantly higher than 2004 when the top 1 percent earned 19 percent of AGI and paid 36.9 percent of federal individual income taxes." And "The top-earning 25 percent of taxpayers (AGI over $62,068) earned 67.5 percent of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86 percent). The top 1 percent of taxpayers (AGI over $364,657) earned approximately 21.2 percent of the nation's income (as defined by AGI), yet paid 39.4 percent of all federal income taxes. That means the top 1 percent of tax returns paid about the same amount of federal individual income taxes as the bottom 95 percent of tax returns."
What is the top 1 percent of female wage earners in America annual income?
Oprah Winfrey brittney spears Taylor swift
The top 5 percent of wage earners in America annual income?
"Including all tax returns that had a positive AGI [adjusted gross income], taxpayers with an AGI of $153,542 or more in 2006 constituted the nation's top 5 percent of earners. To break into the top 1 percent, a tax return had to have an AGI of $388,806 or more. The top-earning 25 percent of taxpayers [have an] AGI over $64,702." http://www.taxfoundation.org/news/show/250.html
How much money does someone have to earn per year to be in the top 1 percent of the country?
"Including all tax returns that had a positive AGI [adjusted gross income], taxpayers with an AGI of $153,542 or more in 2006 constituted the nation's top 5 percent of earners. To break into the top 1 percent, a tax return had to have an AGI of $388,806 or more. The top-earning 25 percent of taxpayers [have an] AGI over $64,702." http://www.taxfoundation.org/news/show/250.html
What is average income of US Family?
I read in an Almanac that it is about $44,000 That answer was from the US census bureau with the top and bottom outliers being removed - which was defined as the top 2% and the bottom 1%. If the outliers are included the real average exceeds 140,000 a year. The actual average is above about 85% of the families in the US total income.
What do the top 1 percent earners make in the us?
According to the National Taxpayers Union, the AGI (Adjusted Gross Income) of the bottom of the top 1% in 2008 was $380,354. AGI is Total Taxable Income minus various items such as pension contributions, alimony paid etc etc. Since it is "taxable income it does not include such things as interest on Tax free municipal bonds or Capital Gains, which is taxed in a different category. While the person at the bottom of this 1% had AGI of $380,354, (and now we're switching to 2007 figures) the person at the bottom of the top .74% of earners had an AGI of $500,000 or more. The top one quarter of one percent (.278% to be precise) had AGI of $1,000,000 or more. In the US in 2007 there were about 138 million taxpayers, so there should be about1,380,000 taxpayers with AGI north of $380,000: 383,640 taxpayers with more than $1,000,000 in AGI. Almost 18,000 taxpayers have (had) an AGI north of $10,000,000.
What happens to your real income if you receive a 3 percent raise when inflation is at 4 percent?
You have an effective pay decrease of 1%
What percentage of Washington's income comes from commercial fishing?
less than 1 percent
Paulson spends 75 percent of his income His income is increased by 20 percent and he increased his expenditure by 10 percent. Find the percentage increase in his savings?
Set original income to be x and expenses were 0.75x, so he was saving 0.25 Income is now (1+ .2)x=1.2x and expenses are now (1 + .1)(.75)=0.825 savings are now 1.2-0.825=0.375, and .375/.25 = 1.5 so this is a 50% gain in savings.
