Gini Co-Efficient Is The

question 16

Multiple Choice

Gini co-efficient is the:

• A)area between the Lorenz curve and the vertical axis divided by the area under the Lorenz curve.
• B)area between the Lorenz curve and the horizontal axis divided by the area above the Lorenz curve.
• C)area between the Lorenz curve and the line of perfect equality divided by the area under the line of income equality.
• D)area between the Lorenz curve and the line of perfect equality divided by the area above the line of perfect equality.
• E)area between the line of perfect equality and the horizontal axis divided by the area between the Lorenz curve and the horizontal axis.

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Definitions:

Coefficient of Correlation

A mathematical indicator that evaluates the intensity of the connection between two factors.

Sum of Squares

A measure used in statistical analyses to quantify the variation or deviation of data points from their mean; the total of each data point's squared difference from the mean.

Regression SSR

Regression SSR (Sum of Squares for Regression) quantifies the variation explained by the linear model in regression analysis.

Random Error

Variability in data that is caused by unpredictable and unavoidable fluctuations in the measurement process.