Use the Properties of Summation and Theorem 4

question 1

Multiple Choice

Use the properties of summation and Theorem 4.2 to evaluate the sum.

• A)4930
• B)335
• C)10,409
• D)5555
• E)5533

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Definitions:

Gini Ratio

A benchmark for evaluating the deviation of income distribution in a group, where a value of 0 means entirely equal distribution and 1 illustrates the highest level of inequality.

Measured

Measured refers to the process of quantifying or evaluating something through systematic observation or calculation.

Income Inequality

The unequal distribution of annual or lifetime income among individuals or households in an economy.