A Certain Country's Income Distribution Is Described by the Function

question 111

Multiple Choice

A certain country's income distribution is described by the function ​ ​
Sketch the Lorentz curve for this function.
​
Compute and interpret your results.
​

• A) The lowest 60 percent of the people receive 37.3 percent of the total income. The lowest 80 percent of the people receive 64.9 percent of the total income. ​
• B) The lowest 80 percent of the people receive 37.3 percent of the total income. The lowest 60 percent of the people receive 64.9 percent of the total income. ​
• C) The lowest 60 percent of the people receive 37.3 percent of the total income. The lowest 80 percent of the people receive 64.9 percent of the total income. ​

---

Definitions:

Process-focused Facilities

Operations facilities organized around specific activities or processes, optimizing the production of a small variety of similar products.

Equipment Utilization

A measure of the degree to which a piece of equipment is being used compared to its full potential over a specific period, often expressed as a percentage.

Process Maps

Diagrammatic representations that outline the sequence of actions or steps involved in the performance of a process or operation.

Process Focus

A manufacturing plant structured based on processes to support the creation of small quantities of diverse products.