The Gini Ratio, or Gini Coefficient, Is a Measure of the

question 222

Multiple Choice

The Gini ratio, or Gini coefficient, is a measure of the

• A) inflationary gap.
• B) recessionary gap.
• C) number of households that are classified as being poor.
• D) degree of income inequality.

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Definitions:

Sample Mean

The average value calculated from a sample of data, often used as an estimate of the population mean.

Null Hypothesis

In hypothesis testing, it is the default hypothesis that there is no effect or no difference, and it is subject to test for possible rejection.

Cholesterol Levels

The amount of cholesterol present in the bloodstream, important for assessing heart disease risk.

Sign Test

A non-parametric test that assesses the median of a statistical population by comparing the number of positive vs. negative changes from a median value.