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The Lorenz Curve Is a Way of Illustrating the Distribution

question 99

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The Lorenz curve is a way of illustrating the distribution of income.


Definitions:

One-way ANOVA

A statistical test used to compare the means of three or more independent groups to see if there’s a statistically significant difference.

Drug Experimentation

The act of trying or testing new pharmaceutical substances to observe their effects, often in controlled clinical trials.

Null Hypothesis

A statement of no effect or no difference, which researchers aim to test against the alternative hypothesis.

One-way ANOVA

A statistical test used to determine if there are any statistically significant differences between the means of three or more independent (unrelated) groups.

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