Question

in a particular country, for men born in 1940 the predicted years of receiving retirement benefits is 17.4 for the bottom 10% of income earners versus 29.6 years for the top 10%.
answer parts (a) through (d) below.

(a) compute the ratio of predicted years of receiving retirement benefits for the top 10% to the bottom 10% and scale the second quantity to 1.
the scaled ratio is \\( \square : \square \\).
(type integers or decimals rounded to two decimal places as needed.)

Explanation:

Step1: Write the ratio formula

The ratio of the top \(10\%\) to the bottom \(10\%\) is \(\frac{29.6}{17.4}\).

Step2: Calculate the ratio

\(\frac{29.6}{17.4}\approx1.70\)

Answer:

\(1.70:1\)