Assuming a normal distribution of incomes: 2672z = ( 2672 - 3036 ) / 950 = -0.383157895Pr{z
The deviation would be how much off it would be off. Since this is a sample, it is impossible to get completely accurate results.
histogram
# in Family Total Income before taxes1 $12,3002 $20,2003 $27,7004 $34,2005 $40,4006 $47,200Over 6 $47,200 plus $3,650 each
Income is quantitative
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Earning per share = Net income / average shareholders equity
it is when the total national is divided by the populationit is number of incom whitch is divided equally among allWhen the total national income is divided by the total population, it is called per capita income.It is the average income of an average person in that country.For example:Let a country's average income be 5000$It doesn't mean that every person is earning 5000$ in that country. But on an average, the income of a person in that country is 5000$.Country with high per capita income is said to be developed.for example U.S.A.
Assuming a normal distribution of incomes: 2672z = ( 2672 - 3036 ) / 950 = -0.383157895Pr{z
Average Propensity to Consume = Total Consumption divided by Total income
Net Income divided by Average Total Assets
Avg total Corp income $21billion divided by 31,000 avg number of stores divided by 365 days equals about $1,800 per day.
The median annual income salary for a sales representative is $54,780. The lowest annual income salary is $41,119. The highest annual income salary is $71,924.
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
National income
The deviation would be how much off it would be off. Since this is a sample, it is impossible to get completely accurate results.