1. Compare the tables on slide 4 and slide 13 of the PowerPoint lecture. Estimate the fraction of all families that have incomes above the average income for all families. Explain the derivation of this estimate.
2. Estimate the bottom quartile for the income distribution of black families. Explain the derivation of this estimate.

Estimate the top quartile for the income distribution of black families. Explain the derivation of this estimate.

Estimate the inter-quartile range for the income distribution of black families.

3 Examine table 4.2 on slide 52 of the lecture PowerPoint deck.

Which country has the smallest proportion of its population with incomes below 80% of the median?

Which country has the smallest proportion of its population with incomes above 120% of the median?

All the context is on ECON 4626 (cu boulder) lecture 2 slides