Here is a table classifying 116 thousand US households (in thousands) in 2013 by tenure and insurance status:
\begin{tabular}{lll}
Insurance status & Owns home & Rents home \
\hline Insured & 71 & 13 \
Uninsured & 5 & 27
\end{tabular}

Find the marginal distribution of tenure in percentages.
Round to the nearest whole percent.
Owns home: $\square \%$
Rents home: $\square \%$

Question

Here is a table classifying 116 thousand US households (in thousands) in 2013 by tenure and insurance status:
\begin{tabular}{lll} 
Insurance status & Owns home & Rents home \
\hline Insured & 71 & 13 \
Uninsured & 5 & 27
\end{tabular}

Find the marginal distribution of tenure in percentages.
Round to the nearest whole percent.
Owns home: $\square \%$
Rents home: $\square \%$

Accepted Answer

∻Solution by Steps∻ ‖ step 1 ⋮ Calculate the percentage of households that own their home by adding the number of insured and uninsured households that own their homes and dividing by the total number of households. ‖ ‖ step 2 ⋮ Using the asksia-ll calculation: $(71 + 5)/116 imes 100 = 65.5172413793103448275862068965^_ (period 28)$, which rounds to $66\%$. ‖ ‖ step 3 ⋮ Calculate the percentage of households that rent their home by adding the number of insured and uninsured households that rent their homes and dividing by the total number of households. ‖ ‖ step 4 ⋮ Using the asksia-ll calculation: $(13 + 27)/116 imes 100 = 34.4827586206896551724137931034^_ (period 28)$, which rounds to $34\%$. ‖ ∻[Owns home] Answer∻ ⚹ 66% ⚹ ∻[Rents home] Answer∻ ⚹ 34% ⚹ ∻Key Concept∻ ⚹Marginal Distribution in Percentages⚹ ∻Explanation∻ ⚹The marginal distribution of tenure is found by summing the counts for each tenure category and dividing by the total count, then converting to a percentage.⚹◊What is the formula to calculate the marginal distribution of tenure in percentages based on the given table data?⍭ Generate me a similar question◊

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