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3. Determine the Gini Index for the following year. Where appropriate, round to the nearest ten-thousands. a. In 1990, L(x)=1.93x +1.86x³ -2.02x² -0.11x b. In 2000, the Gini Index was 0.2405. What does this mean about income distribution in the US over this time period?

3. Determine the Gini Index for the following year. Where appropriate, round to the nearest ten-thousands. a. In 1990, L(x)=1.93x +1.86x³ -2.02x² -0.11x b. In 2000, the Gini Index was 0.2405. What does this mean about income distribution in the US over this time period?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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3. Determine the Gini Index for the following year. Where appropriate, round to the nearest ten-thousands. a. In 1990, L(x)=1.93x +1.86x³ -2.02x² -0.11x b. In 2000, the Gini Index was 0.2405. What does this mean about income distribution in the US over this time period?
Transcribed Image Text:3. Determine the Gini Index for the following year. Where appropriate, round to the nearest ten-thousands. a. In 1990, L(x)=1.93x +1.86x³ -2.02x² -0.11x b. In 2000, the Gini Index was 0.2405. What does this mean about income distribution in the US over this time period?
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