In 2012, Canada's Gini Coefficient Was 0

question 33

Multiple Choice

In 2012, Canada's Gini coefficient was 0.43, which is lower than that of the United States. What does this mean?

• A) There is less inequality in Canada
• B) There is more inequality in Canada
• C) Canadians have more income than Americans
• D) Americans have more income than Canadians

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Definitions:

Outliers

Observations in data that are significantly different from the majority of the data points, potentially indicating a measurement error or a novel finding.

Central Tendency

A numerical value that summarizes an entire data distribution by identifying a central point, like the average, midpoint, or most frequent value.

Skewed Distributions

This refers to probability distributions where the values are not symmetrically distributed around the mean, often leading to a longer tail on one side of the distribution.

Three Decimal Places

Refers to the precision of a number formatted or rounded to include three digits to the right of the decimal point.