Question: A local government is considering a proposal which calls for all homeowners over 65 with incomes at of below the 20th percentle to get a

A local government is considering a proposal which calls for all homeowners over 65 with incomes at of below the 20th percentle to get a reduction in property taxes. A random sample of 25 people over age 65 was selected, and the househoid income of each was recorded Use these data to establish the income cutoff point to quality for the property tax cut. The income cutolf point to qualify for the property tax cut would be? (Round to the nearest dollar as needed.)

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