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Lorenz Curve. The income distribution of a certain country is given by b. c. d. = 2x2 + x 20 Sketch the Lorenz curve
Lorenz Curve. The income distribution of a certain country is given by b. c. d. = 2x2 + x 20 Sketch the Lorenz curve for this function. Compute f(O.60) and interpret your answer. Compute the coefficient of inequality. For extra credit, find a "real" Lorenz curve. Cite the website found. Lorenz Curve. The income distribution of a certain country is given by b. c. d. = 2x2 + x 20 Sketch the Lorenz curve for this function. Compute f(O.60) and interpret your answer. Compute the coefficient of inequality. For extra credit, find a "real" Lorenz curve. Cite the website found.
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