The following data relates to the incomes of 90persons: Income in ` 15...
Percentage of Persons Earning More than ` 2,000
Calculation:
- To find the percentage of persons earning more than ` 2,000, we need to add the number of persons earning ` 2,000- ` 2,499 and ` 2,500- ` 2,999.
- Therefore, the total number of persons earning more than ` 2,000 is 20 + 25 = 45.
Percentage Calculation:
- To find the percentage, we need to divide the number of persons earning more than ` 2,000 by the total number of persons and then multiply the result by 100.
- Therefore, the percentage of persons earning more than ` 2,000 is 45/90 x 100 = 50%.
Explanation:
- The given data provides information on the incomes of 90 persons categorized into four income brackets, namely ` 1,500- ` 1,999, ` 2,000- ` 2,499, ` 2,500- ` 2,999, and ` 3,000- ` 3,499.
- The number of persons in each income bracket is also provided.
- To find the percentage of persons earning more than ` 2,000, we need to add the number of persons earning ` 2,000- ` 2,499 and ` 2,500- ` 2,999, as these two brackets represent incomes greater than ` 2,000.
- Once we have the total number of persons earning more than ` 2,000, we can calculate the percentage by dividing this number by the total number of persons and multiplying the result by 100.
- The resulting percentage gives us an idea of how many persons in the given sample earn more than ` 2,000.
The following data relates to the incomes of 90persons: Income in ` 15...
Income ` F CF ( More Than)
1500-1999 13 90
2000-2499 32 77
2500-2999 20 45
3000-3499 25 25
More than 2000 are 77 out of 90
percentage of persons earning more than 2,000 = (77/90) * 100