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10 March, 02:11

The dropout rate for young people from families with incomes $100,000 and above is less than 3 percent; for those from families with incomes below $25,000, the dropout rate is а bout:

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  1. 10 March, 02:21
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    The dropout rate is about 12%

    Explanation:

    There is an inverse relationship between the drop out rate and income, this means the an increase in the income will cause a significant decrease in the dropout rate. This can be expressed as;

    I=k/d

    where;

    I=income

    k=constant of proportionality

    d=dropout rate

    In our case;

    I=$100,000

    k=unknown

    d=3%=3/100=0.03

    replacing;

    100,000=k/0.03

    k=100,000*0.03=3,000

    Using different values of Income;

    I=$25,000

    k=3,000

    d=unknown

    replacing;

    25,000=3,000/d

    d=3,000/25,000=0.12

    The dropout rate=0.12*100=12%

    The dropout rate=12%
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