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5. In a study conducted by a certain country's Economic Development Board, it was found that the Lorenz curve for the distribution of income of
5. In a study conducted by a certain country's Economic Development Board, it was found that the Lorenz curve for the distribution of income of college teachers was described by the function and that of lawyers by the function 9 2 50:) =x4 +Ex a. Compute f(0.25) and 9(025) and interpret your results. Problem 5 continued b. Compute the Gini Index {coefcient of inequality} for each Lorenz curve. Which profession has a more equitable income distribution
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