Bottom quintile of this income distribution

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A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the bottom quintile of this income distribution is

A. 3.5%

B. 5.5%

C. 7.5%

D. 9.5%

Reference no: EM131082162

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