Answer) This Lorenz curve is depicting the distribution of wealth among different cumulative population. As the y axis on the Lorenz curve indicates the accumulation of total wealth present in the nation.
The Gini coefficient would be more towards zero as the lorenze curve is drifting away from the 45 degree line, which depicts the perfect equality. Hence there is more inequality in the nation as depicted by the Gini coefficient.
For a given population (for example, residents of the United States), the Lorens Pnction measure how wealth is distributed. IfO Sps 1, then L(p)-the percent of total wealth owned by the poorst p percent of the population In other words, if L(2)-. 1, this says that the porest 20% of people own 10% of the wwalth. 1. In terms of income equity, what does it mean if L(p) is cdoswe to p for some value of p? What does it...
3. Below is a Lineweaver-Burke plot of an enzyme reaction in the presence and absence of an inhibitor. 2.4 2.3 2.2 2.1 2 1.9 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1 0.9 0.8 < 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 -0.1 -0.2 -0.3 -0.4 -0.5 -0.6 -0.7 -0.8 . . . . . -1 -0.9 -0.8 -0.7 -0.6 -0.5 -0.4 -0.3 -0.2 -0.1 O 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1.1 1/[S]...
I need help with this question please! - 4 marks) In economics, a population's Lorenz curve L(2) gives the percentage (as a decimal) of the country's distribution of wealth among the lowest earning percentage 2 (as a decimal between 0 and 1; e.g., 35% means x = 0.35) of the population. As an example, if L(0.4) = 0.1, then this means that the lowest earning 40% of households have only 10% of the entire economy's wealth. The line y =...
Use contour integration to evaluate the integral 2T 1 I (5 4 cos (0))2 S 0 diagram showing the contour and the singularities Draw and label a For your information, the graph of the integrand is given below. L0- 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1. 7T 2n 4. - Use contour integration to evaluate the integral 2T 1 I (5 4 cos (0))2 S 0 diagram showing the contour and the singularities Draw and label a For...
ketch the graph of the probability density function over the indicated interval. 2x 9 [0, 3] y y 0.7 0.7 0.6 0.6 0.51 0.5 0.4 0.4 0.3 0.3 0.2 0.2 0.1 0.1 2 3 y у 0.7 0.7 0.6 0.6 0.5 0.54 0.4 0.41 0.3 0.3 0.2 0.2 y 0.71 0.7 0.6 0.6 0.5 0.5 0.4 0.4 0.3 0.3 0.2 0.2 0.1 0.1 2 Find the indicated probabilities. (a) PO < x < 2) (b) P(1 < x < 2)...
3. The Gini Index Problem How is possible to measure the distribution of income among the inhabitants of a given country One such measure is the Gini index, named after the Italian economist Corrado Gini, who first devised it in 1912. We first rank all households in a country by income and then we compute the percentage of households whose income is at most a given percentage of the country's total income. We define a Lorenz Curve y L(x) on...
Questions 1. Consider the calibration graph and the absorption spectrum for solutions of metal ion, M * Absorption Spectrum for M Calibration Curve for M 0.8 0.7 1.2 0.6 1 0.5 S 0.8 0.4 0.6 0.3 0.4 0.2 0.1 0.2 0- 0 0.5 0.4 0.3 0.2 0.1 400 450 500 550 600 650 700 [M*1 (Molar) (入) nm a) At what wavelength was the calibration curve obtained? Explain your answer. b) Use the calibration curve to calculate the concentration (M)...
QUESTION 12 Cumulative percentage of income or wealth Line of quality Wealth 0 20 40 60 80 100 Cumulative percentage of households The figure above shows Lorenz curves for a nation. Based on the figure above, if the poorest 20 percent group of households increased the share of the nation's income they receive, then there is a movement up along the Lorenz curve for income. there is a movement down along the Lorenz curve for income the Lorenz curve for...
intelligent control systems fuzzy logic based contril 0.8 0.7 04 0.3 0.2 0.3 b) Plot the ou a) Plot the output: -BUB 1.0 0.9 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.5 0.4A 0.3 0.2 0.2 0.17 0.1 c) Determine the defuzzified output y, by using I. Center of Gravity Method (COG) Height Method (H) II. + 1 (0.5)+3 05)+ 5(0.1) 6() 0.8 0.7 04 0.3 0.2 0.3 b) Plot the ou a) Plot the output: -BUB 1.0 0.9 0.9...
Below is a Lineweaver-Burk plot of enzyme A. What is the Km of this enzyme? (round the answer to the 3 significant figures) 0.7 0.6 0.5 y =0.4843x+0.1951 0.4 1/v (pmol/L)/min) 0.3 30.2 0.1 0 0 0.1 0.2 0.3 0.5 0.6 0.7 0.8 0.9 0.4 1/[S] (umol/L) 2.50M 2.50 M 2.48 M 248M