In Exercise 23 we saw that the United Nations Development Programme (UNDP) uses the Human Development Index

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In Exercise 23 we saw that the United Nations Development Programme (UNDP) uses the Human Development Index (HDI) in an attempt to summarize the progress in health, education, and economics of a country with one number. The gross domestic product per capita (GDPPC) attempts to summarize the wealth produced by a country in one number. Here is a plot of GDPPC against HDI:
In Exercise 23 we saw that the United Nations Development

GDPPC is measured in dollars. Incomes and other economic measures tend to be highly right skewed. Taking logs often makes the distribution more unimodal and sym-metric. Compare the histogram of GDPPC to the histogram of log (GDPPC).

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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