For the tasks described below, please use the following income distribution, from a fictional society of...

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For the tasks described below, please use the following income distribution, from a fictional society of 25 households: 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 1. Calculate the share of the total aggregate income earned by each quintile. To do so, you will need to add the incomes for each quintile; find the total aggregate income for the full distribution; then calculate the percentage of total aggregate income earned by each quintile. If you do the work in Excel, you can copy and paste the cells containing all of the numbers into your Word file or you can type all of that into the file. For the tasks described below, please use the following income distribution, from a fictional society of 25 households: 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 1. Calculate the share of the total aggregate income earned by each quintile. To do so, you will need to add the incomes for each quintile; find the total aggregate income for the full distribution; then calculate the percentage of total aggregate income earned by each quintile. If you do the work in Excel, you can copy and paste the cells containing all of the numbers into your Word file or you can type all of that into the file.

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