The Gini coefficient is derived from the Lorenz curve, which represents the distribution of income or wealth within a population. To calculate it, the area between the Lorenz curve and the line of perfect equality (which represents an equal distribution) is measured. The Gini coefficient is then calculated as the ratio of this area to the total area under the line of perfect equality. The resulting value ranges from 0 (perfect equality) to 1 (perfect inequality).
a line of fit mean perfect line.
Symmetry. Perfect symmetry. Equality of angles, edges and vortices.
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Without an equality sign the given expression can't be considered to be a straight line equation.
To determine the Gini coefficient for a given dataset, you can follow these steps: Calculate the cumulative distribution of the dataset. Calculate the Lorenz curve by plotting the cumulative distribution against the perfect equality line. Calculate the area between the Lorenz curve and the perfect equality line. Divide this area by the total area under the perfect equality line to get the Gini coefficient. The Gini coefficient ranges from 0 (perfect equality) to 1 (perfect inequality).
The Gini coefficient can be found by calculating the ratio of the area between the Lorenz curve and the line of perfect equality to the total area under the line of perfect equality. This can be done using statistical software or by hand with a formula.
The Gini coefficient is derived from the Lorenz curve, which represents the distribution of income or wealth within a population. To calculate it, the area between the Lorenz curve and the line of perfect equality (which represents an equal distribution) is measured. The Gini coefficient is then calculated as the ratio of this area to the total area under the line of perfect equality. The resulting value ranges from 0 (perfect equality) to 1 (perfect inequality).
To calculate the Gini coefficient for income distribution, you need to plot a Lorenz curve showing the cumulative share of income against the cumulative share of the population. The Gini coefficient is then calculated as the area between the Lorenz curve and the line of perfect equality, divided by the total area under the line of perfect equality. The Gini coefficient ranges from 0 (perfect equality) to 1 (perfect inequality).
From knowledge
a line of fit mean perfect line.
The Gini coefficient is a measure of equality expressed as a value between 1 and 0. 0 represents perfect equality and 1 represents perfect inequality. Therefore a rise in the Gini coefficient results in an increase in inequality.
national guides line related to rights ,equality and diversity
Symmetry. Perfect symmetry. Equality of angles, edges and vortices.
As far as my knowledge is concerned a perfect circle can be drawn but drawing a perfect straight line is impossible as its definition itself is "locus of a point having infinite radius."
Without an equality sign the given terms can't be considered to be a straight line equation.
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