Chapter 4, Problem 8ETE

(a)

To determine

To calculate : The percentage of net worth held by the top $1\%$ .

(b)

To determine

To calculate : An exponential function $g\left(x\right)=a\cdot b^x$ using regression for the given data.

(c)

To determine

To calculate : The area between the line of equality and the graph of $g$ over $\left[0,1\right]$ .

(d)

To determine

To calculate : The Ginni Coefficient and Ginni Index.

(e)

To determine

To calculate : The percentage of total net worth held by the bottom $90\%$ of the population using the model $g\left(x\right)=a\cdot b^x$ and to compare it with the value in table.