Using the following information provided in the table below, calculate the Gini-coefficient for Algura. Population 10 32 15 Income per month 2000 96000 1500 per person Total Population 57 Calculate the new Gini Coefficient for Algura when income changes as follows' Population 10 32 15 Income per month 1200 78000 900 per person Total Population 57

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Can this be answered using the format as follows : Step 1 Calculate total income Step 2..Calculate the fraction of Income Step 3.. Calculate fraction of population Step 4.. Calculate the fraction of richer population Step 5.. Calculate the Score. Step 6.. Calculate Aggregate Score. Step 7.. Calculate the Gini Coefficient.
Using the following information provided in the table below, calculate the Gini-coefficient
for Algura.
Population
10
32
15
Income per month
2000
96000
1500
per person
Total Population
57
Calculate the new Gini Coefficient for Algura when income changes as follows'
Population
10
32
15
Income per month
1200
78000
900
per person
Total Population
57
Transcribed Image Text:Using the following information provided in the table below, calculate the Gini-coefficient for Algura. Population 10 32 15 Income per month 2000 96000 1500 per person Total Population 57 Calculate the new Gini Coefficient for Algura when income changes as follows' Population 10 32 15 Income per month 1200 78000 900 per person Total Population 57
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman