1.         Suppose there are two countries with 10 people each. Country A has an earnings distribution given by that in column 2 and Country B has an earnings distribution given by that in column 3. Which country has greater income inequality?

For each country, calculate the following:

variance

coefficient of variation

the 80-20 ratio

the 90-10 ratio

Analyze your results. Which country has greater earnings inequality?

	Citizens	Country A's Earnings	Country B's Earnings
	1	1	1
	2	1	1
	3	1	1
	4	1	1
	5	1	1
	6	1	1
	7	1	1
	8	1	1
	9	1	10
	10	10	10