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What is the area under the normal curve between Z0.0 and Z1.79?
What is the area under the normal curve between z=0.0 and z=1.79?
Can you compare and contrast the skewness and normal curve?
Answer this question...similarities and differences between normal curve and skewness
What is the area under the standard normal curve?
the standard normal curve 2
What is the area under the normal curve between z equals 0.0 and z equals 2.0?
What is the area under the normal curve between z equals 0.0 and z equals 2.0?
What is linearity error?
When a function or given data set differes from a liniar curve fit. the difference between the data and a linear curve fit is your linearity error
What is a Lorenz curve?
The Lorenz curve was developed by Max O. Lorenz. The Lorenz curve is a visual representation in economics which displays the income distribution of a nation graphically. On the y-axis, you have income distribution (either as a percentage, or in decimal form); on the x-axis, there is population distribution of total wealth. There is an upward sloping, 45 degree reference line that shows perfectly equal distribution of wealth (i.e 25% of the lowest income earners have 25% of the nation's income). From the Lorenz curve, you can calculate the Gini coefficient; the closer the coefficient is to zero, the more distributed the income of a nation is.
What is a Lorenz?
The Lorenz curve was developed by Max O. Lorenz. The Lorenz curve is a visual representation in economics which displays the income distribution of a nation graphically. On the y-axis, you have income distribution (either as a percentage, or in decimal form); on the x-axis, there is population distribution of total wealth. There is an upward sloping, 45 degree reference line that shows perfectly equal distribution of wealth (i.e 25% of the lowest income earners have 25% of the nation's income). From the Lorenz curve, you can calculate the Gini coefficient; the closer the coefficient is to zero, the more distributed the income of a nation is.
The supply curve shows the relationship between what?
the supply curve shows the relationship between
What does the Lorenz Curve illustrate about the economy?
the distribution of income
What is the lorenz curve and what dose is suggest about the distribution of income on the us?
the Lorenz curve is the curve that illustrates income distribution, the curve states that there is a big income gap between Americans for many reasons: differences in skills and education, inheritances, and field of work. the wealthiest fifth Americans households earned nearly as much income as the four- fifths combined.
What are the advantages and disadvantages of the Lorenz curve?
The Lorenz curve has a major disadvantage of not showing the distributions exact value. It is also makes it difficult to compare different data sets.
What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
Can Lorenz curve above the diagonal?
No.The Lorenz curve measures inequality of distribution of income (or wealth). The diagonal represents a distribution that is perfectly equal and you cannot get more equal than that!
What is the relationship between total cost curve and variable cost curve?
estimated cost
A curve showing the relationship between temperature and time for a given amount of liquid heated a constant rate is a what curve?
The curve showing the relationship between temperature and time for a given amount of liquid heated at a constant rate is called a "heating curve." This curve is mapped out on a graph.
The supply curve shows the relationship between?
Supply curve shows relationship between price of the particular commodity and the quantity supplied of that commodity at different price level.
The degree of income inequality among households is demonstrated by the?
the Lorenz curve
