Which of the Following Statements About the GINI Index Is

question 20

Multiple Choice

Which of the following statements about the GINI index is FALSE?

• A)The GINI index represents the extent of inequality in people's income within a society
• B)Ranges from 0 to 100
• C)Is scaled so that 0 represents no inequality while 100 represents perfect inequality
• D)Is scaled so that 100 represents no inequality while 0 represents perfect inequality

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Definitions:

Inverse Relationship

A correlation between two variables in which one variable increases as the other decreases, and vice versa.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Statistical Measure

A quantifiable value representing a summary or characteristic of a set of data, used in analyzing or interpreting data.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most scores fall near the mean, with fewer and fewer near the extremes.