(Figure: Lorenz Curve for Two Countries) the Gini Coefficient for Country

question 107

Multiple Choice

(Figure: Lorenz Curve for Two Countries) The Gini coefficient for country 1 would be equal to

• A) Area B / Area A+B+C
• B) Area B+C / Area A+B+C
• C) Area A / Area A+B+C
• D) Area A+C / Area A+B+C

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Definitions:

Interval Estimate

An estimation that specifies a range within which a parameter lies, providing an interval believed to encompass the true value of that parameter.

Sample Mean

The average of all the values in a sample set of data.

Confidence Interval

A span of values, taken from sample statistics, seen as likely to encase the value of an unidentified population parameter.

Confidence Level

The probability, expressed as a percentage, that a parameter lies within a specified range of values (confidence interval).