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Use the table below to answer this questionIncome(s) range                    Population0-10,000                                  10,00010,000-30,000                         500030,001-50,000                         200050,001-69,999                          50070,000-90,000                         30090,000-100,000                      150Over 100,000                             50 If the poverty line is $70,000, what is the poverty rate of this town?Group of answer choices67.67%97.22%83.33%1.02%

Question

Use the table below to answer this questionIncome(s) range                    Population0-10,000                                  10,00010,000-30,000                         500030,001-50,000                         200050,001-69,999                          50070,000-90,000                         30090,000-100,000                      150Over 100,000                             50 If the poverty line is $70,000, what is the poverty rate of this town?Group of answer choices67.67%97.22%83.33%1.02%

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Solution

To calculate the poverty rate, we need to determine the number of people earning below the poverty line and divide it by the total population.

From the table, we can see that the number of people earning below 70,000isthesumofthepopulationsintheincomerangesfrom70,000 is the sum of the populations in the income ranges from 0-10,000, 10,000−30,000,10,000-30,000, 30,001-50,000, and $50,001-69,999.

So, the number of people earning below $70,000 is 10,000 + 5,000 + 2,000 + 500 = 17,500.

The total population is the sum of all the populations in the table, which is 10,000 + 5,000 + 2,000 + 500 + 300 + 150 + 50 = 18,000.

Therefore, the poverty rate is (17,500 / 18,000) * 100 = 97.22%.

So, the poverty rate of this town is 97.22%.

This problem has been solved

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