What Is a Lorenz Curve and What Is a Gini

question 51

Essay

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

---

Definitions:

Confidence Interval

A spectrum of values, from sample measurements, that is anticipated to capture the value of a hidden population parameter.

Standard Error

A statistical measure that describes the distribution of sample means around the population mean, indicating the accuracy of a sample mean as an estimate of the population mean.

Confidence Interval

A range of values, derived from sample statistics, that likely contains the true value of an unknown population parameter.

Standard Error

The standard deviation of the sample distribution of a statistic, often used in the context of mean.