a. What is the decile distribution of income?e b. What is the quintile distribution of income?e c. What is the quartile distribution of income? d. Using decile distribution draw the Lorenz Curve.e

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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1. Consider the following income distribution in a hypothetical country.
Householde Income $e
37e
43e
16e
4
5
36e
6
41
71e
13e
93e
10
98e
11
37e
12
54
13e
52e
14
12e
15
54
16
96e
17e
12e
18e
78
19
53e
20
96e
a. What is the decile distribution of income?
b. What is the quintile distribution of income?e
c. What is the quartile distribution of income?
d. Using decile distribution draw the Lorenz Curve.
Transcribed Image Text:1. Consider the following income distribution in a hypothetical country. Householde Income $e 37e 43e 16e 4 5 36e 6 41 71e 13e 93e 10 98e 11 37e 12 54 13e 52e 14 12e 15 54 16 96e 17e 12e 18e 78 19 53e 20 96e a. What is the decile distribution of income? b. What is the quintile distribution of income?e c. What is the quartile distribution of income? d. Using decile distribution draw the Lorenz Curve.
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