A lorenz curve represents the cumulative percentage of total income received along the ________ and the cumulative share of popu

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Daniel [21]

1 year ago

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A lorenz curve represents the cumulative percentage of total income received along the ________ and the cumulative share of popu

lation along the ________

Physics

1 answer:

guajiro [1.7K] · Answer 1 · 2023-10-06T13:33:38+03:00

A lorenz curve represents the cumulative percentage of total income received along the horizontal axis and the cumulative share of population along the vertical axis.

The distribution of the cumulative percent of occurrences by the cumulative percent of population is shown graphically by the Lorenz Curve. By expanding the neighbourhood income quintile group, the horizontal axis (x-axis) of the curve shows the cumulative percent of persons in the population, and the vertical axis (y-axis) shows the cumulative percent of events in the population.

The Lorenz curve can be described as the proportion of the population that the neighbourhood income quintile represents holding the proportion of population events.

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