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Unformatted text preview: percentages together at each level, giving the amount of income earned by all people at or below a certain level. In our example, it would work as follows: Bottom segment cumulative percentage = 3.6% Second segment cumulative percentage = 3.6% + 8.8% = 12.4% Third segment cumulative percentage = 12.4% + 18.2% = 30.6% Fourth segment cumulative percentage = 30.6% + 29.2% = 59.8% Top segment cumulative percentage = 59.8% + 40.1% = 99.9% Note that the total cumulative percentage, which should be equal to 100%, since it represents the total income earned by all workers, is only 99.9%. This sometimes happens due to rounding of numbers. These two figures, percentage and cumulative percentage, are usually placed in a table for easier reading: Figure %: Income Distribution Table...
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This note was uploaded on 02/09/2012 for the course ECO ECO2013 taught by Professor Jominy during the Fall '08 term at Broward College.
- Fall '08