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1.         Suppose there are two countries with 10 people each. Country A has an earnings distribution...

1.         Suppose there are two countries with 10 people each. Country A has an earnings distribution given by that in column 2 and Country B has an earnings distribution given by that in column 3. Which country has greater income inequality?

For each country, calculate the following:

variance

coefficient of variation

the 80-20 ratio

the 90-10 ratio

Analyze your results. Which country has greater earnings inequality?

Citizens

Country A's Earnings

Country B's Earnings

1

1

1

2

1

1

3

1

1

4

1

1

5

1

1

6

1

1

7

1

1

8

1

1

9

1

10

10

10

10
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