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77julia77 [94]
3 years ago
11

What does the Lorenz curve measure in the economy?

Mathematics
2 answers:
AnnZ [28]3 years ago
8 0

Answer:

a graphical representation of the distribution of income or of wealth.

Ymorist [56]3 years ago
5 0

The correct answer on Edgen is:

It illustrates income distribution. In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution. The curve is a graph showing the proportion of overall income or wealth assumed by the bottom x% of the people, although this is not rigorously true for a finite population.

I just answered this question and this is the right answer.

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YO PLEASE HELP N ONLY ANSWER IF U KNOW THE ANSWER!!
Ronch [10]
HOPE THIS HELPS YOU..... :)

7 0
3 years ago
I WILL GIVE BRAINLIEST
ehidna [41]

Answer:

36 + 16 √3

Explanation!

You would first need to simply the radical by breaking the radicand up into a product of known factors!

So the answer would be 36 + 16 √3

If you want decimal form here you go! :)

63.7128129211

Hope this helps you out!

5 0
3 years ago
I need help asap , im doing this thing and I cant do it im confused
aksik [14]

Answer:

they will be the same at 11 months

Step-by-step explanation:

the equations for this are

y = 40+55x

and

y = 165+30x

where x is the number of months

if you plug this into your graphic calc you see they are equal at 11 therefore, 11 months

6 0
3 years ago
24/10 as a decimal on a math paper
11Alexandr11 [23.1K]

Answer:

2.40

Step-by-step explanation:

7 0
3 years ago
(3 marks) A certain type of storage battery lasts, on average, 3.0 years with a standard deviation of 0.5 year. The battery live
Ksenya-84 [330]

Answer:

0.8041 = 80.41% probability that a given battery will last between 2.3 and 3.6 years

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

A certain type of storage battery lasts, on average, 3.0 years with a standard deviation of 0.5 year

This means that \mu = 3, \sigma = 0.5

What is the probability that a given battery will last between 2.3 and 3.6 years?

This is the p-value of Z when X = 3.6 subtracted by the p-value of Z when X = 2.3. So

X = 3.6

Z = \frac{X - \mu}{\sigma}

Z = \frac{3.6 - 3}{0.5}

Z = 1.2

Z = 1.2 has a p-value of 0.8849

X = 2.3

Z = \frac{X - \mu}{\sigma}

Z = \frac{2.3 - 3}{0.5}

Z = -1.4

Z = -1.4 has a p-value of 0.0808

0.8849 - 0.0808 = 0.8041

0.8041 = 80.41% probability that a given battery will last between 2.3 and 3.6 years

4 0
3 years ago
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