Given the Lorenz curve L = 2.2x¹ - 3.09x³ +2.09x² -0.2x What percent of the income is held by the lowest 30% of the population? % Find the gini coefficient. (remember this is the decimal form)

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Chapter1: Functions And Models
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Given the Lorenz curve
L = 2.2x¹3.09x³ +2.09x² - 0.2x
What percent of the income is held by the lowest 30% of the population?
%
Find the gini coefficient. (remember this is the decimal form)
Transcribed Image Text:Given the Lorenz curve L = 2.2x¹3.09x³ +2.09x² - 0.2x What percent of the income is held by the lowest 30% of the population? % Find the gini coefficient. (remember this is the decimal form)
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