Suppose the Gini coefficient of income for a certain country is 2/ 5. Find the value of
Question:
Suppose the Gini coefficient of income for a certain country is 2/ 5. Find the value of p
if the Lorenz curve for this country is L(x) = 1/3x +2/3 xp
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
Since the Gini coeffi...View the full answer
Answered By
Vincent Omondi
I am an extremely self-motivated person who firmly believes in his abilities. With high sensitivity to task and operating parameters, deadlines and keen on instructions, I deliver the best quality work for my clients. I handle tasks ranging from assignments to projects.
4.90+
109+ Reviews
314+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
With data from the U.S. Census Bureau, the Lorenz curves for the income distribution for 2012 in the United States for White non-Hispanic households and for Asian households are given below. Find the...
-
With U.S. Census Bureau data, the Lorenz curves for the 2012 income distribution in the United States for Black households and for Hispanic households (of any race) are given below. Find the Gini...
-
In an effort to make the distribution of income more nearly equal, the government of a country asses a tax law that changes the Lorenz curve from y=0.99x2.1 for one year to y=0.32x2+0.68x for the...
-
A parallel-plate capacitor with circular plates of radius 0.10 m is being discharged. A circular loop of radius 0.20 m is concentric with the capacitor and halfway between the plates. The...
-
Calculate the torque N twisting a steel tube of length l = 3.0 m through an angle = 2.0 about its axis, if the inside and outside diameters of the tube are equal to d1 = 30 mm and d2 = 50 mm.
-
Taste- T Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods made an offer to buy Taste- T Company for $ 6,000,000. The market...
-
10. A prison inmate bit a hospital employee. The employee sued the state for negligence and lack of supervision, claiming a fear of AIDS. The plaintiff had tested negative for HIV three times, and...
-
In the month of March, Style Salon services 560 clients at an average price of $120. During the month, fixed costs were $21,024 and variable costs were 60% of sales. Instructions (a) Determine the...
-
how do i put this in for percent value im lost A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs \( \$ 90,000 \) and will generate \( \$...
-
The following measurements represent heights, in inches, of randomly selected women: 61, 65, 66, 67, 57, 58, 60, 70, 62, 63, 64, 64, 65, 72, 73. A). Find and interpret the 40th percentile P40 of this...
-
The Lorenz curves for the income distribution in the United States for all races for 2012 and for 2004 are given below (Source: U.S. Census Bureau). Find the Gini coefficient of income for both...
-
If the Lorenz curve for the income distribution for a given year is L(x)=xp, use integration to find a simple formula for the corresponding Gini coefficient.
-
A tank containing carbon dioxide at 400 K and 50 bar is vented until the temperature in the tank falls to 300 K. Assuming there is no heat transfer between the gas and the tank, find the pressure in...
-
What is the difference between root source of the problem and R oot source of the problem? Also What is a symptom and a root cause?
-
How does organizational culture affect capability and performance? For example, an active, participative culture is essential for encouraging organizational learning. What do you think about the...
-
One of the critical articles in collective agreements deals with management rights. The employer retains all rights not curbed, abridged, or otherwise limited by a collective agreement. In other...
-
Consider your organization or an organization you are familiar with and discuss the steps you would take to analyze the organization to identify potential opportunities to add value to the...
-
Businesses should constantly access the level of engagement and contentment among their workforces. If they did this, do you think this could shift the workplace? Maybe help those employees who don't...
-
Find the derivatives of the functions in Problem. Simplify and express the answer using positive exponents only. y = (x 2 - 3) 4 /x
-
Assume that your audit team has established the following parameters for the examination of ELM's sales transactions: LO G-3 Risk of incorrect acceptance...
-
(a) Use Eulers method with step size 0.2 to estimate y(1.4) where y(x) is the solution of the initial-value problem y = x xy, y(1) = 0. (b) Repeat part (a) with step size 0.1.
-
(a) Program a calculator or computer to use Eulers method to compute y(1), where y(x) is the solution of the initial-value problem (i) h = 1 (ii) h = 0.1 (iii) h = 0.01 (iv) h = 0.001 (b) Verify that...
-
(a) Program your computer algebra system, using Eulers method with step size 0.01, to calculate y(2), where y is the solution of the initial-value problem y = x3 y3 y (0) = 1 (b) Check your work by...
-
According to the special provisions of Chapter 5, the buildings must be separated with a horizontal assembly having a minimum fire-resistance rating of ________
-
Vibration in a molecule / particle occurs along the _ _ _ _ direction / axis?
-
Forces are classified as vector quantities because they: Group of answer choices require both magnitude and direction to specify completely are specified completely by their magnitude are often very...
Study smarter with the SolutionInn App