A Firm Is Comparing Two Potential Service Layouts Using the Closeness

question 18

True/False

A firm is comparing two potential service layouts using the Closeness Desirability Rating.Option 1's closeness desirability score is 18.Option 2's closeness desirability score is 22.It can be concluded that Option 1 layout is better.

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Definitions:

Distribution Of Income

Distribution of income refers to the way in which a nation’s total income is distributed among its population, affecting economic inequality.

Gini Ratio

A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality), indicating how wealth or income is distributed.

Gini Ratio

A measure of income inequality within a population, ranging from 0 for perfect equality to 1 for maximum inequality.

Lorenz Curve

A visual depiction showing how income or wealth is spread out across a society, highlighting the levels of inequality.