Question 1.PR.5: The distribution of marketable wealth in 1979 in the UK is s...
The distribution of marketable wealth in 1979 in the UK is shown in the table below (taken from Inland Revenue Statistics, 1981, p. 105):
Range | Number 000s |
Amount £m |
0– | 1606 | 148 |
1000– | 2927 | 5985 |
3000– | 2562 | 10 090 |
5000– | 3483 | 25 464 |
10 000– | 2876 | 35 656 |
15 000– | 1916 | 33 134 |
20 000– | 3425 | 104 829 |
50 000– | 621 | 46 483 |
100 000– | 170 | 25 763 |
200 000– | 59 | 30 581 |
Draw a bar chart and histogram of the data (assume the final class interval has a width of 200 000). Comment on the differences between the two. Comment on any differences between this histogram and the one for 1994 given in the text.
The "Step-by-Step Explanation" refers to a detailed and sequential breakdown of the solution or reasoning behind the answer. This comprehensive explanation walks through each step of the answer, offering you clarity and understanding.
Our explanations are based on the best information we have, but they may not always be right or fit every situation.
Our explanations are based on the best information we have, but they may not always be right or fit every situation.
The blue check mark means that this solution has been answered and checked by an expert. This guarantees that the final answer is accurate.
Learn more on how we answer questions.
Learn more on how we answer questions.

Related Answered Questions
Question: 1.PR.15
Verified Answer:
(a) 1.81% p.a. (but 4.88% p.a. between 1975 and 19...
Question: 1.PR.9
Verified Answer:
57.62 pence/litre.
Question: 1.PR.11
Verified Answer:
(a) z = 1.5 and −1.5 respectively.
(b) Using Cheby...
Question: 1.EX.1
Verified Answer:
Question: 1.EX.4
Verified Answer:
(a) Q1 relates to observation 27.5 (= 110/4). Thi...
Question: 1.EX.6
Verified Answer:
(a) The average profit is 35. The average rate o...
Question: 1.EX.7
Verified Answer:
Question: 1.EX.5
Verified Answer:
Question: 1.PR.13
Verified Answer:
(a) Strong upwards trend for 1974–1989, but subst...