What Is a Lorenz Curve and What Is a Gini

question 51

Essay

What is a Lorenz curve and what is a Gini coefficient?

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Definitions:

Stocks

Shares of ownership in a corporation, representing a claim on part of the company's assets and earnings.

Composed

Made up or formed by combining or putting together various parts or elements.

Expected Number

Expected number refers to the predicted value or mean of a random variable in probability and statistics, representing the average outcome of a large number of trials.

Heads

In the context of a coin toss, it represents one of the two possible outcomes, often used to describe a 50/50 chance event.