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Question: The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in...Question: The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in...Question: The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in...Question: The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in...Question: The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in...

Show transcribed image text The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in their 40s, the men earn the incomes shown in the following table: Income Income (Dollars) (Dollars) Smith Jones 10,000 Al Smith Karl Jones 120,000 30,000 Larry Jones Bob Smith 40,000 Chris Smith Moe Jones 60,000 70,000 Dave Smith 50,000 Nate Jones 80,000 Ed Smith 100,000 40,000 Oliver Jones Total for Smiths 200,000 Total for Joneses 400,000 Let's think of the Smiths and the Joneses as two economies and analyze income inequality within each of the economies Chris Smith's share of the total Smith income is while Larry Jones's share of the total Jones income is Rank the Smith brothers by income from lowest to highest, and calculate each brother's share of the total Smith economy's income. Because there are five brothers, each brother represents a quintile of the income distribution

The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in their 40s, the men earn the incomes shown in the following table: Income Income (Dollars) (Dollars) Smith Jones 10,000 Al Smith Karl Jones 120,000 30,000 Larry Jones Bob Smith 40,000 Chris Smith Moe Jones 60,000 70,000 Dave Smith 50,000 Nate Jones 80,000 Ed Smith 100,000 40,000 Oliver Jones Total for Smiths 200,000 Total for Joneses 400,000 Let's think of the Smiths and the Joneses as two economies and analyze income inequality within each of the economies Chris Smith's share of the total Smith income is while Larry Jones's share of the total Jones income is Rank the Smith brothers by income from lowest to highest, and calculate each brother's share of the total Smith economy's income. Because there are five brothers, each brother represents a quintile of the income distribution