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Could I have help with example 2 Example 1: 1.OO Curve of TABLE L.Fan abroture equality United State Income Level Peaceal of incory 060 of

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Could I have help with example 2

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Example 1: 1.OO Curve of TABLE L.Fan abroture equality United State Income Level Peaceal of incory 060 of U.S. Family Under $24,000 0.20 0.04 0.40 incure, 3003 Under $42,000 0.40 0.14 710.60,0310 0.20 Under $65,000 0.60 0.30 "(0.40. 0.14) Under $98,000 0.80 0.53 230 040 0.60 0.80 Source: U.S. Census Bureau Percent of families Carve of absolutc inequality a) Use the data to find a quadratic function that will model the Lorenz curve for the US in 2003. b) Find the area between the line y = x and the Lorenz curve. c) Find the Gini index. d) Interpret the results. Example 2: Income Distribution: In a study on the effects of World War II on the US economy, an economist used data from the US Census Bureau to produce the following Lorenz curves for the distribution of US income in 1935 and in 1947: Lorenz curve 1935: f(x)=x24 Lorenz curve 1947: 8(x)=x6 MacBook Pro

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