Fill in the blank to complete the proof. 1 Therefore, G = 2A = 1-2 L(x)dx by the transitive property. e. Compute the Gini index for the cases L(x) = xP and p= 1.2, 1.9, 2, 3, 4. The Gini index for p=1.2 is
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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 alt="A Lorenz curve is given by y = L(x), where 0sxs1 represents the lowest fraction of the population of a society in
terms of wealth and 0sys1 represents the fraction of the total wealth that is owned by that fraction of the society.
Use this information to complete parts a through g.
Click the icon to view an example of a Lorenz curve.
Fill in the blank to complete the proof.
1
Therefore, G= 2A = 1-2 L(x)dx by the
transitive
property.
e. Compute the Gini index for the cases L(x) = x° and p = 1.2, 1.9, 2, 3, 4.
The Gini index for p= 1.2 is
(Type an integer or decimal rounded to three decimal places as needed.)
Enter your answer in the answer box and then click Check Answer.
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