In a Study Conducted by a Certain Country's Economic Development

question 144

Essay

In a study conducted by a certain country's Economic Development Board, it was found that the Lorentz curve for the distribution of income of stockbrokers was described by the function and that of high school teachers by the function Compute the coefficient of inequality for each Lorentz curve. Round your answers to the nearest hundredth.
The coefficient of inequality for stockbrokers is __________.
The coefficient of inequality for teachers is __________.
Which profession has a more equitable income distribution?

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Definitions:

Collective Strategy

A plan of action designed and implemented by a group of entities or individuals to achieve common goals.

Policy Evaluation

A detailed examination of the results, effectiveness, and efficiency of a policy after its implementation.

Outcome Criteria

Standards or benchmarks used to evaluate the effectiveness or success of a program, activity, or intervention.

Cost Reductions

Measures or strategies implemented to decrease the expenses incurred by a business, government, or individual.