The Gini coefficient is a measure of the extent to which income or wealth is equally distributed
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The Gini coefficient is a measure of the extent to which income or wealth is equally distributed in a given population. The coefficient values range between 0 and 1. The lower the Gini coefficient, the more equally distributed wealth is in a given population. The following figure represents the distribution of wealth based on this measure (reported at en.wikipedia.org/wiki/Gini_coefficient).
(a) What type of frequency distribution table is this?
(b) Is this an effective presentation of the data? Justify your answer.
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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Related Book For
Statistics For The Behavioral Sciences
ISBN: 9781452286907
2nd Edition
Authors: Gregory J. Privitera
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