Suppose that the wage distribution for Riverside is given below:
|
Sector
|
Number of Workers
|
Wage
|
|
A
|
40
|
$10 (per hour)
|
|
B
|
30
|
$5
|
|
C
|
30
|
$5
|
a. Compute the level of wage inequality for the town using the 90th / 10th percentile ratio and the 90th / 50th and 50th /10th ratios. (Yes, this is as easy as it looks).