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Q: income and wealth - statistics and averages ( No Answer,   0 Comments )
Question  
Subject: income and wealth - statistics and averages
Category: Business and Money
Asked by: saintjamesc-ga
List Price: $20.00
Posted: 24 Oct 2003 15:15 PDT
Expires: 23 Nov 2003 14:15 PST
Question ID: 269466
This is a two part question.  It's the same question except that one
is for incomes and the other is for wealth.

What the mean, median and mode for income for all persons that are
employable in the US.  Provide the income amount for each standard
deviation (including the percentile to which this income belongs)
until reaching zero to the left of the average on a bell curve and
until reaching the highest income to the right of the average. 
Provide the standard deviation in dollars.

The same question but with wealth subsituted for the word income.

Request for Question Clarification by elmarto-ga on 24 Oct 2003 16:17 PDT
Hi saintjamesc!
I may be able to answer your question, but I still have a doubt
regarding it. You ask to "provide the income amount for each standard
deviation". What do you mean by "for each standard deviation"?

Best regards,
elmarto

Clarification of Question by saintjamesc-ga on 24 Oct 2003 17:58 PDT
Thank you for allowing me to clarify.  I wasn't sure how to ask for
the information I wanted, but now that I have given it further
thought, I know exactly what to ask for.  All the numbers in my
examples are totally fictitious.
Provide the income and wealth for the following:

mean
+ and - 1std dev
+ and - 2std dev 
+ and - 3std dev
+ and - 4std dev

Example for Income:  The mean is $35,000, the median is $23,000, and
the mode is $32,000.

The standard deviation from the mean is $10,000.

 +1 std dev, $45,000, %67 percentile
 -1 std dev, $25,000, %32 percentile
et cetera


THEN provide the income and wealth for these top percentile:
1.00%
.75%
.50%
.25%
.10%
.05%
.01%
.005%
.001%
.0001%
.00001% et cetera by a factor of ten until there is only one person in
that percentile (i.e. the wealthiest and highest income) and what
their percentile is.

Example for wealth:  
1% worth $350,000
.75% worth $445,000
.50% worth $573,000
...
.00001% worth $250 million
.000001% worth $1 billion
.0000004% (the highest in a population of 250 million, i.e. the
richest person around) worth $56.3 billion

I hope that is much clearer.

Clarification of Question by saintjamesc-ga on 30 Oct 2003 18:36 PST
OK - 
how about just for wealth and then just for the top 10%, 1% et cetera
by factors of ten, until there is only one.
Answer  
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