Monday, April 14, 2014

Lorenz Curve

http://www.sarpn.org/documents/d0000990/ A Lorenz curve is graphical representation of the probability distribution of a measurable data and is used to show the inequality that exists between variables.  This Lorenz curve is meant to show the cumulative percent of income the exists in the cumulative percent of households. The space between the the Lorenz curve and the line of perfect equality represent the area of inequality.

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