The income-to-poverty ratio determines how close someones income is

Question

12.jpg The income-to-poverty ratio determines how close someone’s income is to the poverty threshold. For the United States in 2010, the graph shows the percent of all people and the percent of people age 65 years and over whose income-to-poverty ratio was 2.00 or lower. For each income-to-poverty ratio in the graph, the corresponding percentage is of people with income-to-poverty ratios below that ratio. Based on the given information, fill in the blanks in each of the following statements. 1.1. The income of approximately GRAPH_1_PLACEHOLDER of all people was between 1 time and 1.5 times the poverty threshold. 1.2. If in 2010, 3.5 million people over the age of 65 had incomes below the poverty threshold in the United States, then the total number of people over the age of 65 in the United States was approximately GRAPH_2_PLACEHOLDER .

Sajjad1994 · Answer

Official Explanation

Question 1

The top line in the graph represents “All People.” The percent of all people with an income-to-poverty ratio below 1.5 is slightly less than 25 percent, and the percent of all people with income-to-poverty ratio over 1.0 is slightly more than 15 percent. Therefore, the percent of all people with an income-to-poverty ratio between 1 and 1.5 is slightly less than 25 minus slightly more than 15, which equals somewhat less than 10.  Choice (A), 9.5 , is the best answer.

The correct answer is (A).

Question 2

In 2010, approximately 9% of people over the age of 65 had income below the poverty threshold. If there were 3.5 million such people, then you can find the total number, x, of people over the age of 65:

The correct answer is (C).

033 · Answer

can anyone please explain how did we get 9% for the second question

Catman · Answer

For income to be below the poverty line, the ratio of income to poverty should be less than 1.
Check for the value of 1 in the horizontal axis and match the value of percentage for People over 65 years of age you will get slighthly less than 10% and close to 9 %. Hence 9%.

mmdfl · Answer

How do you infer this from the question?

Catman · Answer

The ratio is calculated by dividing a household's income by the poverty threshold. If the resulting value is less than 1, it indicates that the household's income is below the poverty threshold.

Gemmie · Answer

1.1. The income of approximately   of all people was between 1 time and 1.5 times the poverty threshold.

All people: Line with black cubes
% those 1 time the poverty threshold: about 15%
% those 1.5 times the poverty threshold: about 25%
=> % those between 1 and 1.5 times: about 10%

1.2. If in 2010, 3.5 million people over the age of 65 had incomes below the poverty threshold in the United States, then the total number of people over the age of 65 in the United States was approximately  .

Those aged over 65: Line with white cubes
% those below the threshold: 9% 
=> Total number aged 65:  \frac{3.5}{.09} = 38.8

The income-to-poverty ratio determines how close someones income is

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The income-to-poverty ratio determines how close someones income is

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615 to 715 in 15 Days (Ria's Strategies)

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