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

Question

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

Quizplus · Accepted Answer

The Answer of 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

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