1216.1518A split at the $32,000 Income point creates a top and bottom partition. Compute thoverall (weighted) Gini index given an Income Split of $32,000.0,00014.000Client DataMSEsplit (Income-$36,000) = 0.3637MSE split (Income-$36.000) = 0.0000MSE split (Income-$36,000) = 0.2667MSEsplit (Income-$36.000) = 0.4959$32,000Quertion 9/1 point)

GINI INDEX:-The concise indicator of income disparity is the Gini Index. The Gini coefficient…

A split at the $32,000 Income point creates a top and bottom partition. Compute overall (weighted) Gini index given an Income Split of $32,000. MSE, Client Data Esplit (Income-$36,000) - 0.3637 MSE split (Income-$36.000) = 0.0000 MSE, $32,000 Esplit (Income-$36,000) * 0.2667 MSE split (Income-$36.000)-0.4959 9/1 point)

A split at the $32,000 Income point creates a top and bottom partition. Compute overall (weighted) Gini index given an Income Split of $32,000. MSE, Client Data Esplit (Income-$36,000) - 0.3637 MSE split (Income-$36.000) = 0.0000 MSE, $32,000 Esplit (Income-$36,000) * 0.2667 MSE split (Income-$36.000)-0.4959 9/1 point)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: A manufacturer is said to break even when their revenue is equal to their costs. ImplausiCorp's…

A: Break even is where the total revenue is equal to the total cost. This means at breakeven profit=…

Q: ethics program? What are the essential elements of an organizational ethics program? Be specific!…

A: An organisation is a place where people of different places, religions and even countries work…

Q: How much is deducted each month from his paycheck for medical insurance?

A: Annual insurance payment by Company = 3,300 x 80% = 2,640 Annual insurance payment by David = 3,300…

Q: The company's annual revenue is greater than $3,000,000. A Four times annual revenue plus $3,000,000…

A: It refers to the overall income a company receives from selling its services and items. TR reflects…

Q: Which of the following is an advantage of a partnership? Group of answer choices Multiple partners…

A: Partnership is a type of business in which two or more persons manage and operate a business and…

Q: Consider the following dynamic IS-LM model. C(t) = 20+ 0.8Yd(t-1) Ya(t) = Y(t) - Tx(t) Tx(t) = 5…

A: The IS-LM model is a macroeconomic model that shows the relationship between interest rates and…

Q: The owners of a QPedix, a small manufacturing company, have hired a manager to run the company. The…

A: Given information Compensation of the new Vice President=Flat salary +share of the profit Flat…

Q: Vision Source is a cable television provider. In the long run, Vision Source can provide cable…

A: The long-run average cost (LRAC) curve represents the lowest average cost of production achievable…

Q: 32.23 Millie Bush has written a best-seller. Revenues net of production costs are $3007¹/341/3 where…

A: To solve this problem, we need to analyze Millie's decision-making regarding the number of publicity…

Q: A company needs to decide the number of batches to buy to start business. Batch size is 250 and the…

A: Average profit refers to the total profit divided by the number of outputs.

Q: The difference between TC and TVC falls with increase in output True / False

A: Total cost is given as the sum of Total fixed cost and total variable cost. TC = TFC + TVC

Q: Describe "cream skimming" and determine if it is an ethical business practice, particularly in…

A: The objective of this question is to understand the concept of 'cream skimming' and evaluate its…

Q: The consumer's initial budget line is I with income equal to S3000. The budget line then shifts from…

A: A graphical representation in which all possible combinations of two products are purchased with…

Q: Early Late Hydration Power Drink 7.00 6.00 Satisfying Bundle Smoothie Price 5.00 10.00 Net Profit

A: Net profit Net profit refers to the sum of money earned by your company after deducting all…

Q: Which types of firms are most suited to using turnkey systems contracts for their information system…

A: A turnkey contract is a special type of contract in which the complete responsibility of designing…

Q: A company fnds that if they price their product at 25 dollars, then they can sell 540 items of it.…

A: Given; Price of the product; P1=$25Quantity; Q1=540Increase in price of the product will decrease…

Q: Health insurance scams have resulted in (a) higher medical insurance costs (b)low quality medical…

A: Scam of any kind distorts the proper functioning.

Q: Refer to the above information to answer this question. If the price of the product is $250, how…

A: The total cost is the total of all expenses incurred by a company or organization during the…

Q: Economic data and the signals they contain are central to business conditions analysis. What are…

A: Economic data which comprises of numbers on any variable can be analyzed on the basis of its direct…

Q: Would it be ethical if Facebook profited from selling your and others' personal information to…

A: Ethical issues in the business refer to the decisions of business affecting the moral standards of…

Q: and Cheryl are competitors in a small town and each is trying to decide if it is wrtl advertise. If…

A: Payoff matrix as follows. Jim Advertise Not Advertise Cheryl Advertise (10,000…

Q: Assume that Cronos Group, a nondiscriminating monopolist of cannabis products finds that it can sell…

A: a nondiscriminating monopolist demand curve is downward sloping so the marginal revenue is curve is…

Question

12
16.
15
18
A split at the $32,000 Income point creates a top and bottom partition. Compute th
overall (weighted) Gini index given an Income Split of $32,000.
0,000
14.000
Client Data
MSE
split (Income-$36,000) = 0.3637
MSE split (Income-$36.000) = 0.0000
MSE split (Income-$36,000) = 0.2667
MSE
split (Income-$36.000) = 0.4959
$32,000
Quertion 9/1 point)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Calculation of overall weighted gini index

VIEW

Step 3: Formula used for Gini index

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

A bank that provides financing for the purchase of an auto may require the insured to name the bank on an auto policy to this situation, the bank would have A fiduciary responsibility to the insurer An insurable interest in the auto A surety interest in the auto Rights of subrogation
Company X Output TFC TVC 0 1 $100 2 $300 3 $100 $700 4 $1,300 5 $2,000 Take a look at the above table- what is TVC when Q = 0? Can't tell without more information. 0 2 50
Adapt the presentation to meet the unique needs of the customer. Individual client problems priorities are unique which means if we do our job well the solutions will match the customers needs. True False
20-5. BPO Services is in the business of digitizing information from forms that are filled out by hand. In 2006 , a big client gave BPO a distribution of the forms that tit digitized in house last year,and BPO estimated how much it would cost to digitize each form. Form types mix of Forms % Form costs $ A 25 0.25 B 25 0.10 C 25 0.15 D 25 0.50 Compute the average cost of digitizing a form. The client agreed to pay the average cost computed in A for each form that BPO processed, but BPO lost money on the contract. How much did BPO lose, on average, for each form that it processed?
True/False Average revenue is the derivative of total revenue