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:

Culture

The accumulated habits, beliefs, values, and knowledge that characterize a group of people or society, shaping their worldview and practices.

Pattern of Beliefs

A consistent and typical set of convictions or opinions that shape an individual’s or group's worldview and actions.

Automatically Transmitted

Pertains to the process where data or information is sent and received without the need for manual intervention.

Diversity Competency

The ability to understand, respect, and value the differences among individuals, fostering an inclusive work environment.