If and , Determine the Value of B

question 66

Multiple Choice

If and , determine the value of b. Round to two decimal places.

• A) 9.00
• B) 6.69
• C) 11.11
• D) 14.94
• E) 7.43

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Definitions:

Lorenz Curve

A graphical representation of income or wealth distribution within a society, indicating the degree of inequality.

Income Distribution

The way in which a nation’s total earnings are spread among its population, which can influence social and economic stability.

Country

A distinct territorial body or political entity recognized as an independent nation.

Tax-transfer Programs

Government initiatives that collect revenue through taxes to fund transfers of money to individuals or groups, often aimed at reducing poverty and inequality.