Given the table shown,which country has a more equal income distribution? Explain your answer.
Definitions:
Optimal Risky Portfolio
An optimal risky portfolio is a collection of financial assets that maximizes expected return for a given level of risk or minimizes risk for a given level of expected return.
Correlation Coefficient
A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatter plot.
Correlation Coefficient
A statistical measure that calculates the strength of the relationship between the relative movements of two variables.
Standard Deviation
A measure of the dispersion or variability of a set of data points or investment returns, indicating the degree of risk.
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