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Find the Gini Index for the Given Lorentz Curve L(x)=0.7x2+0.3xL ( x ) = 0.7 x ^ { 2 } + 0.3 x

Question 94

Multiple Choice

Find the Gini index for the given Lorentz curve. Round your answer to four decimal places, if necessary. L(x) =0.7x2+0.3xL ( x ) = 0.7 x ^ { 2 } + 0.3 x


A) 1.7667
B) 0.2333
C) 0.2000
D) 0.2800

Correct Answer:

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