FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. How to find the gini index using the formula below with the given Lorenz function. Please show steps. Lorenz function 1. 2. 3. 4.

1. How to find the gini index using the formula below with the given Lorenz function. Please show steps. Lorenz function 1. 2. 3. 4. 5. 6. Y= 0.92x^1.96 Y= 0.90x^1.94 Y= 0.88x^1.99 Y= 0.85x^2.05 Y= 0.84x^2.09 Y= 0.84x^2.11

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Numerical Analysis

Numerical Analysis

Authors: Richard L. Burden, J. Douglas Faires

9th edition

ISBN: 538733519, 978-1133169338, 1133169333, 978-0538733519

More Books

Students also viewed these Mathematics questions

Question

★★★★★
What is the name of the polymer represented by the following repeat unit? (A) Poly (methyl methacrylate) (B) Polyethylene (C) Polypropylene (D) Polystyrene

Answered: 1 week ago

Question

★★★★★
Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1.5 million shares outstanding and a target capital structure consisting of 30% debt; its beta is 1.30 (given its...

Answered: 1 week ago

Question

★★★★★
Why should lack of agreement regarding goals and a lack of understanding of causeeffect relationships give rise to a need for creative thinking?

Answered: 1 week ago

Question

★★★★★
Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30: During the month of July, the company had the following activities:...

Answered: 1 week ago

Question

★★★★★
1. How to find the gini index using the formula below with the given Lorenz function. Please show steps. Lorenz function 1. 2. 3. 4. 5. 6. Y= 0.92x^1.96 Y= 0.90x^1.94 Y= 0.88x^1.99 Y= 0.85x^2.05 Y=...

Answered: 1 week ago

Question

★★★★★
What are some Goals, Measures & Targets for an Insurance Company. Please complete chart. An example has been given for the first topic. FINANCIAL EXCELLENCE GOALS MEASURES & TARGETS eg: Loss...

Answered: 1 week ago

Question

★★★★★
5. You are considering the following two mutually exclusive projects. The crossover rate between these two projects is percent and Project should be accepted if the required return is greater than...

Answered: 1 week ago

Question

★★★★★
The points A(1, 0, 2), B(2, 0, 1) and C(1, 2, k) form a triangle of area 6. Determine the value(s) of k for which this is true. Throughout your mathematical solution explain your thinking in words....

Answered: 1 week ago

Question

★★★★★
Young Manufacturing uses the sum-of-the-years-digits method of depreciation. Equipment costing $37,500has an estimated life of 5 years and an estimated scrap value of $2,700. a. Compute the amount of...

Answered: 1 week ago

Question

★★★★★
3) An aluminium alloy specimen of gauge length 75 mm and of diameter 11.28 mm was subjected to a tensile test, with these results: Load (kN) Daya (kN) Extension (mm) 0 2 6.5 11.5 13.6 16 18 19 20.5...

Answered: 1 week ago

Question

★★★★★
Oriole Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $120,660 and will increase annual expenses by $65,000 including...

Answered: 1 week ago

Previous QuestionNext Question