The Gini Index is a measure of how evenly income is distributed within a country, ranging from

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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 worse the income inequality. The data below represent the Gini Index for a random sample of countries.
23.0 27.0 30.0 32.0 34.0 36.5 38.5 40.0 41.9 45.0 47.2 50.4 55.1 23.8 27.2 30.3 32.1 34.1 36.7 39.0 40.0 42.4 45.3 47.4

With a first class having a lower class limit of 20 and a class width of 5:
(a) Construct a frequency distribution.
(b)
Construct a relative frequency distribution.
(c)
Construct a frequency histogram of the data.
(d) Construct a relative frequency histogram of the data.
(e) Describe the shape of the distribution.
(f)
Repeat parts (a)-(e) using a class width of 10.
(g) Does one frequency distribution provide a better summary of the data than the other? Explain.

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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