What percentage of income is spent on lottery tickets by

(a) A poor family with an income of $19,000 per year who purchase the average amount of lottery tickets for their income bracket?

What does family in this income bracket spend on lottery tickets?

2,280

15

To find out what percentage of income is spent on lottery tickets by a specific income bracket, we need to gather two pieces of information: the average amount spent on lottery tickets by that income bracket and the total income of the household.

In this case, we already have the total income of the family, which is $19,000 per year. However, we still need to determine the average amount spent by the income bracket.

Since you did not provide the specific income bracket, I will make an assumption that you are referring to the average spent by all income brackets. According to data from the North American Association of State and Provincial Lotteries, the average amount spent by all income brackets on lottery tickets is approximately 2% of their income.

Now, we can calculate the percentage of income spent on lottery tickets for a family with an income of $19,000 per year.

Step 1: Calculate the average amount spent on lottery tickets:
Average amount spent on lottery tickets = 2% of $19,000
= 0.02 * $19,000
= $380

Step 2: Calculate the percentage of income spent on lottery tickets:
Percentage of income spent on lottery tickets = (Amount spent on lottery tickets / Total income) * 100
= ($380 / $19,000) * 100
= 2%

Therefore, for a poor family with an income of $19,000 per year, if they purchase the average amount of lottery tickets for their income bracket, they would spend approximately 2% of their income on lottery tickets.