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Answer each question for both Part I and II in an essay format with 5-7 sentences( at least one paragraph). Use references from the attached documents.Purchase the answer to view it. We provide the best Online writing service to our students. Log in today to get access to notch papers.
Middle class incomes had their fastest growth on record last year (2015).
By Jim Tankersley September 13 at 10:13 AM Washington Post. The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant boost to middle-class pay since the end of the Great Recession and the fastest increase ever recorded by the federal government, the Census Bureau reported on Tuesday. In addition, the poverty rate fell by 1.2 percentage points, the steepest decline since 1968. There were 43.1 million Americans in poverty on the year, 3.5 million fewer than in 2014.The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.The numbers, from the government’s annual report on income, poverty and health insurance, suggest the recovery from recession is finally beginning to lift the fortunes of large swaths of American workers and families.
The Obama administration and its allies immediately hailed them in glowing terms.”This exceeds the strong expectation that I already had,” Jason Furman, the chair of Obama’s Council of Economic Advisers, said in an interview, in which he called the income report the strongest ever from the Census Bureau. “The news here is the growth rates. I’ve read the last 21 reports, including this one. I have never seen one like this, in terms of, everything you look at is what you’d want to see or better.”Republicans discounted the improved outlook, saying the overall numbers remain weaker than they should be.“Today’s report is another disappointing confirmation that too many Americans are still struggling to provide for their families and reach their full potential. The federal government invests billions of dollars each year in programs to help low-income Americans—but more than 43 million people continue to live in poverty. It shouldn’t be this way in America,” House Ways and Means Committee Chairman Kevin Brady (R-Tex.) said in a statement.Real median household income was $56,500 in 2015, the Census Bureau reported, up from $53,700 in 2014.
The gain was a combination of rising wages in the economy — spurred by a labor market where unemployment is falling and employers are being forced to compete more for workers — and low inflation.Incomes increased for men and for women and across racial and ethnic groups. They grew most for the lowest-earning workers.“The highest income growth was in the bottom fifth” of workers, said Lawrence Mishel, president of the liberal Economic Policy Institute think tank, “which is very welcome news.”The only weak spots were geographic: Median incomes rose by 7.3 percent for workers who live in major cities. For workers in rural areas, they did not rise at all.All told, the gains brought median incomes nearly back to their levels before the recession, after adjusting for inflation, though they remain below 1999 levels.Several measures of wage growth had suggested that 2015 was strong for wage growth. Other indicators had pointed to an improvement for the Americans who are the worst off. The unemployment rate had declined to 4.9 percent as of last month.Since 2014, increases in wages have accelerated for the one in five workers earning the least, according to new research by Bank of America. In this group, wages are now increasing at roughly 4 percent year over year.Last week, the Agriculture Department released its annual data on hunger in the United States, showing that food insecurity declined substantially last year for the first time since the recession.The share of food-insecure households was 12.7 percent last year, down from 14 percent in 2014. Before 2014, food insecurity had remained stubbornly persistent, improving only modestly from an apex of 14.9 percent in 2011.
The Agriculture Department defines food security as having access to “enough food for an active, healthy life.”What does the data tell you in this article? This article was written over 2 years ago. Where do you think we are today under Donald Trump?How does a researcher’s selection of significance levels affect research study results?
Decisions about alpha level may be different, especially as it relates from hard sciences to social sciences. For example, a medical trial for cancer treatments conducts their statistical tests at .0001 – so for every 1 out of 10,000 patients, there may be issues, sickness or even death. For social science, we use alpha .05. We are comfortable with performing research, for example, on students. So we are satisfied with losing 5 out of 100 students or having our results being incorrect 5 out of 100 times. Do you agree with these alpha levels? Why or why not? What if your child’s education and the teacher assigned to him/her would be successful 95 out of 100 times?
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