9.Revenues for each of the four teams in the professional Nintendo® gamingleague are given below:Team George$40,000Team Paul$10,000Team Ringo$10,000Team John$20,000Construct a Lorenz Curve for this gaming league, and calculate its Ginicoefficient.DIAGRAM Sfor #9 l;);B.1010050-2 2572512,5.12.5本% of TEAMS100255015100% of TEAMS 100755050252512.512. 52550J00255075100% of TEAMSSuccumbing to the protestations of Teams Paul & Ringo, the gaming leaguecommissioner agrees to a small % luxury tax on any Team making in excess of$20,000 in revenues. This tax revenue will be distributed equally among thoseTeams making less than $20,000. Assume the luxury tax does not alter therankings of revenues in your table above, nor does it affect mean revenues forthe league as a whole (what would happen to the C.O.V. however?!?!).ii.This luxury tax willgaming league and cause the Lorenz Curve toperfect equality.the Gini coefficient of revenues in thethe line ofLower ; move further away fromLower ; move closer toRaise ; more further away fromRaise ; move closer toа.b.с.d.Over time, the luxury tax begins to limit the ability of the league's marqueefranchise, Team George, to draw top gaming talent. As a result, nationalbroadcast revenues, which are shared EQUALLY among the four teams, drop.iv.This further development will most likelyof revenues in the gaming league and cause the Lorenz Curve tothe line of perfect equality.the Gini coefficientLower ; move further away fromLower ; move closer toRaise ; more further away fromRaise ; move closer toа.b.c.d.%% of REVENUES

Name: 9.Revenues for each of the four teams in the professional Nintendo® g
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Description: 9.Revenues for each of the four teams in the professional Nintendo® gamingleague are given below:Team George$40,000Team Paul$10,000Team Ringo$10,000Team John$20,000Construct a Lorenz Curve for this gaming league, and calculate its Ginicoefficient.DI

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Revenues for each of the four teams in the professional Nintendo® gaming league are given below: 9. Team George $40,000 Team Paul $10,000 Team Ringo $10,000 Team John $20,000 Construct a Lorenz Curve for this gaming league, and calculate its Gini coefficient. DIAGRAM S for #9 li); B)

Revenues for each of the four teams in the professional Nintendo® gaming league are given below: 9. Team George $40,000 Team Paul $10,000 Team Ringo $10,000 Team John $20,000 Construct a Lorenz Curve for this gaming league, and calculate its Gini coefficient. DIAGRAM S for #9 li); B)

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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