curve is given by y L x where 0 x 1 represents the lowest

Last updated: 1/21/2024

curve is given by y L x where 0 x 1 represents the lowest fraction of the population of a society in terms of wealth and 0 sys1 represents the fraction of the total wealth that is owned by that fraction of the society Use this information to complete parts a through g Click the icon to view an example of a Lorenz curve 0 2A 1 Therefore G 2A 1 2 L x dx by the 0 Simplify transitive property completing the proof e Compute the Gini index for the cases L x xP and p 1 3 1 9 2 3 4 The Gini index for p 1 3 is 0 130 Type an integer or decimal rounded to three decimal places as needed The Gini index for p 1 9 is 0 310 Type an integer or decimal rounded to three decimal places as needed The Gini index for p 2 is 0 333 Type an integer or decimal rounded to three decimal places as needed The Gini index for p 3 is 0 500 Type an integer or decimal rounded to three decimal places as needed The Gini index for p 4 is 0 600 Type an integer or decimal rounded to three decimal places as needed f What is the smallest interval a b on which values of the Gini index lie for L x xP with p 1 Points 0 52 of 1 points Save