The following table provides values of F(r) for the United States in 2010. Assume that the national
Question:
The following table provides values of F(r) for the United States in 2010. Assume that the national average income was A = $66,000.
(a) What was the average income in the lowest 40% of households?
(b) Show that the average income of the households belonging to the interval [0.4, 0.6] was $48,180.
(c) Estimate F'(0.5). Estimate the income of households in the 50th percentile. Was it greater or less than the national average?
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