{"id":257823,"date":"2025-07-17T17:45:52","date_gmt":"2025-07-17T17:45:52","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=257823"},"modified":"2025-07-17T17:45:57","modified_gmt":"2025-07-17T17:45:57","slug":"suppose-your-country-consists-of-only-5-people-with-the-following-incomes-in-year-1","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/07\/17\/suppose-your-country-consists-of-only-5-people-with-the-following-incomes-in-year-1\/","title":{"rendered":"Suppose your country consists of only 5 people with the following incomes, in year 1"},"content":{"rendered":"\n<pre id=\"preorder-ask-header-text\" class=\"wp-block-preformatted\">Suppose your country consists of only 5 people with the following incomes, in year 1<\/pre>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2025\/07\/image-507.png\" alt=\"\" class=\"wp-image-257824\"\/><\/figure>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-1-color\">The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n<p>Based on the image provided, here is the calculation for the median income:<\/p>\n\n\n\n<p><strong>1. Understand the Request:<\/strong><br>The goal is to calculate the&nbsp;<strong>median income<\/strong>&nbsp;from the given list of five incomes.<\/p>\n\n\n\n<p><strong>2. List the Incomes:<\/strong><br>The incomes for the 5 people are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$20,000<\/li>\n\n\n\n<li>$30,000<\/li>\n\n\n\n<li>$50,000<\/li>\n\n\n\n<li>$80,000<\/li>\n\n\n\n<li>$170,000<\/li>\n<\/ul>\n\n\n\n<p><strong>3. Define Median:<\/strong><br>The median is the middle value in a list of numbers that has been arranged in numerical order (from smallest to largest).<\/p>\n\n\n\n<p><strong>4. Find the Median:<\/strong><br>The list of incomes is already sorted in ascending order. Since there are 5 incomes (an odd number), the median is the number exactly in the middle.<\/p>\n\n\n\n<p>$20,000,&nbsp;<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>30,000,\u2217\u221730,000,\u2217\u2217<\/code><\/pre>\n\n\n\n<p>50,000**, $80,000, $170,000<\/p>\n\n\n\n<p>The middle value is&nbsp;<strong>$50,000<\/strong>.<\/p>\n\n\n\n<p><strong>Conclusion:<\/strong><br>The median income in year 1 is&nbsp;<strong>$50,000<\/strong>.<\/p>\n\n\n\n<p>Looking at the options:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$40,000<\/li>\n\n\n\n<li>$55,000 (This option is selected in the image, but it is incorrect)<\/li>\n\n\n\n<li><strong>$50,000 (This is the correct answer)<\/strong><\/li>\n\n\n\n<li>$70,000<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2025\/07\/learnexams-banner6-834.jpeg\" alt=\"\" class=\"wp-image-257835\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Suppose your country consists of only 5 people with the following incomes, in year 1 The Correct Answer and Explanation is: Based on the image provided, here is the calculation for the median income: 1. Understand the Request:The goal is to calculate the&nbsp;median income&nbsp;from the given list of five incomes. 2. List the Incomes:The incomes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-257823","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/257823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=257823"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/257823\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=257823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=257823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=257823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}