Figure 333 Illustrate Four Different Lorenz Curves

question 110

Multiple Choice

Figure 33.3 illustrate four different Lorenz curves.Assume Brazil has a larger Gini coefficient than the United States.If the income distribution for the United States is represented by curve C, which curve would most likely represent the income distribution for Brazil?

• A)A
• B)B
• C)C

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Definitions:

Population Proportion

Population Proportion represents the fraction or percentage of members in a population that exhibit a particular attribute or characteristic.

MPG

Stands for Miles Per Gallon, a measure to estimate the distance a vehicle can travel per gallon of fuel.

Pooled Estimator

A statistical method used to estimate the mean of two or more groups by assuming that they have the same variance.

Weighted Average

An average where each data point contributes to the final average in proportion to its importance or frequency.