In a Study Conducted by a Certain Country's Economic Development

question 80

Short Answer

In a study conducted by a certain country's Economic Development Board regarding the income distribution of certain segments of the country's workforce, it was found that the Lorentz curve for the distribution of income of college professors is described by the function
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Compute the coefficient of inequality of the Lorentz curve. Round to two decimal places.
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Definitions:

Days' Sales in Inventory

A financial measure indicating the average number of days a company takes to turn its inventory into sales.

Financial Information

Data that illustrates the financial health and performance of a business, including balance sheets, income statements, and cash flow statements.

Financial Information

Data relating to the financial performance, position, and cash flows of a business, which is used by stakeholders to make economic decisions.

Return on Total Assets

A profitability ratio that measures net income produced by total assets within a period.