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Statistics for Management and Economics + XLSTAT Bind-in 11th Edition

Statistics for Management and Economics + XLSTAT Bind-in (11th Edition)

Book Edition11th Edition
Author(s)Keller
ISBN9781337093453
PublisherCengage
SubjectBusiness
Section 12-4: (Optional) Applications in Marketing: Market Segmentation
Chapter 12, End of Chapter, Survey of Consumer Finances Exercises, Exercise 12.186
Page 422

Exercises 12.184-12.190 deal with the wealthy category defined in terms of the respondents' net worth, which lies between $9, 498, 400 and $32,790,000.
 

How does one get to be in this class whose minimum household net worth is about $9.5 million. Could this be achieved through high income alone? Examine this issue by estimating the mean annual income of wealthy households (INCOME).

Page 422