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 two decimal places.
Hint: Use the formula .

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 two decimal places.
Hint: Use the formula  .

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 two decimal places.
Hint: Use the formula  .

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