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

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Sajjad1994
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The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   28 Nov 2023, 08:13
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Data Insights (DI) Butler 2023-24 [Question #133, Date: Nov-28-2023] [Click here for Details]


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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 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 .
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Dropdown 1: 9.5 Dropdown 2: 39 million
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Nikita45
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   02 Dec 2023, 21:54
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Hi Sajjad1994

The question and the graph seem different.

Can you please check and change it?
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Sajjad1994
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   03 Dec 2023, 08:21
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Nikita45 wrote:
Hi Sajjad1994

The question and the graph seem different.

Can you please check and change it?


Thank you, Nikita45

I just replaced the whole question.
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   04 Dec 2023, 10:58
Sajjad1994 wrote:
Data Insights (DI) Butler 2023-24 [Question #133, Date: Nov-28-2023] [Click here for Details]


Attachment:
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 [Dropdown Placeholder #1] 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 [Dropdown Placeholder #2].


Sajjad1994 can you explain question 1 how is it 9.5? please
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   05 Dec 2023, 12:27
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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).
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   25 Jan 2024, 05:15
can anyone please explain how did we get 9% for the second question
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   25 Jan 2024, 05:47
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033 wrote:
can anyone please explain how did we get 9% for the second question

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%.
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   12 Feb 2024, 13:37
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For income to be below the poverty line, the ratio of income to poverty should be less than 1.

How do you infer this from the question?­
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   12 Feb 2024, 21:43
mmdfl wrote:
Quote:
For income to be below the poverty line, the ratio of income to poverty should be less than 1.

How do you infer this from the question?­

­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.
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Re: The income-to-poverty ratio determines how close someones income is [#permalink] The income-to-poverty ratio determines how close someones income is   21 May 2024, 02:20
­1.1. The income of approximately [9.5] 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 [39 million].

Those aged over 65: Line with white cubes
% those below the threshold: 9% 
=> Total number aged 65: \(\frac{3.5}{.09} = 38.8\)
 
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Re: The income-to-poverty ratio determines how close someones income is [#permalink]
21 May 2024, 02:20
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