Question: Define Gini index. What does it measure?

Define Gini index. What does it measure?

Step by Step Solution

★★★★★

3.44 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The Gini index and information gain entropy are ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

380-B-A-F-A (1430).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

The Gini Index is a measure of how evenly income is distributed within a country, ranging from 0 to 100. An index of 0 suggests income is distributed with perfect equality. The higher the number, the...

Q:

What is a Lorenz curve? What is a Gini coefficient? If a country had a Gini coefficient of 0.48 in 1960 and 0.44 in 2016, would income inequality in the country have increased or decreased?

Q:

Define profitability index and discuss how it is used in capital investment decisions.

Q:

6. Define Gini index. What does it measure?

Q:

Chapters 5 & 6 How does our understanding of integration and the Fundamental Theorem of Calculus allow us to compare income inequality? The Gini index is a statistical measure of income distribution....

Q:

Math 113, Chapters 5 & 6 How does our understanding of integration and the Fundamental Theorem of Calculus allow us to compare income inequality? The Gini index is a statistical measure of income...

Q:

Question 2 only The Gini index is a statistical measure of income distribution. It ranges from 0 (or 0%) for perfect equality to 1 (or 100%) for perfect inequality. Source:...

Q:

Exam ProblemsF 1 1 Problem 3 UG - Choosing attributes in DT [ 3 5 ] { 6 / 7 } You are an underwriting data analyst at a Life Insurance company. You are asked to build a model to predict risk levels...

Q:

Problem 2 UG - GINI Index [ 2 5 ] { 1 / s } You are an Economic analyst at Company ABC. Your team is working on a binary decision tree model to predict Central bank's next monetary policy given...

Q:

Q2.4 Using Nested Cross validation, find the best hyperparameter Use the Decision Tree Classifier class to build a decision tree inside of a 5-fold cross validation loop. The partitions you alread-...

Q:

Prepare a financial plan for the organization that you select for your business plan. This financial plan will be included in your final business plan in your capstone course. This is theoretical...

Q:

Samuel and Grace Paganelli want to replace their 2008 Ford F-150 pickup, which Samuel drives for work. They already own two vehicles, but need to replace Samuel's truck because it has nearly 175,000...

Q:

Which of the following is an advantage to investors of an open - end mutual fund? The fund agrees to redeem shares at any time. The market value of fund shares may be higher than the value of fund...

Q:

What were the populations of Britain and India in 1800?

Q:

What is GSS?

Q:

Skype has been around for about 20 years but is still one of the most popular tools for online communication. Discuss its adoption in business and the advantages of using it.

Q:

GlaxoSmithKline (GSK) is a UK-based global pharmaceutical/ healthcare company, with over 100,000 employees. The company strives on innovations. However, despite its mega size and global presence, it...

Q:

Exercise 13-8 (Static) Volume Trade-Off Decisions [LO13-5, LO13-6] Barlow Company manufactures three products-A, B, and C. The selling price, variable costs, and contribution margin for one unit of...

Q:

8:54 bill's footwear reatils running shoes for thirty dollars per pair. bill's footwear spends one thousand dollars a month in rent and pays teo full-time employees to each work one hundered and...

Q:

The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: The beginning balance...