Question: RISI (this question is tricky) Assume there are only three income groups, $45,000, $60,000, and $125,000 in a given city. There are 5 districts in
RISI (this question is tricky) Assume there are only three income groups, $45,000, $60,000, and $125,000 in a given city. There are 5 districts in the city, A, B, C, D, and E. Details are provided in the Table below. 1) What are the median incomes in each district and in the city as a whole? 2) Which districts are predominantly poor and predominantly rich, respectively? 3) Calculate the RISI (report 4 decimals, e.g., RISI=1.2345)

Question 4 RISI (this question is tricky) Assume there are only three income groups, 545,000, $60,000, and $125,000 in a given city. There are 5 districts in the city, A, B, C, D, and E. Details are provided in the Table below. | A | B | | D | E [ wholecity] 50 | w0 | 60 | 320 | : | 80 | 0 |10 | 50 | 860000 | 20 | 10 | |40 | 70 | 240 | - ! ] - ] {0 80 40 population | 80 | 100 | - ] median 1) What are the median incomes in each district and in the city as a whole? 2) Which districts are predominantly poor and predominantly rich, respectively? 3) Calculate the RISI (report 4 decimals, e.g., RISI=1.2345)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
