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In a Study Conducted by a Certain Country's Economic Development

Question 228

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In a study conducted by a certain country's Economic Development Board regarding the income distribution of certain segments of the country's workforce, it was found that the Lorentz curve for the distribution of income of college professors is described by the function In a study conducted by a certain country's Economic Development Board regarding the income distribution of certain segments of the country's workforce, it was found that the Lorentz curve for the distribution of income of college professors is described by the function Compute the coefficient of inequality of the Lorentz curve. Round to the nearest thousandth. Hint: Use the formula . A) 0.763 B) 1.131 C) 1.69 D) 1.321 Compute the coefficient of inequality of the Lorentz curve. Round to the nearest thousandth. Hint: Use the formula In a study conducted by a certain country's Economic Development Board regarding the income distribution of certain segments of the country's workforce, it was found that the Lorentz curve for the distribution of income of college professors is described by the function Compute the coefficient of inequality of the Lorentz curve. Round to the nearest thousandth. Hint: Use the formula . A) 0.763 B) 1.131 C) 1.69 D) 1.321 .


A) 0.763
B) 1.131
C) 1.69
D) 1.321

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