Which of the following statements about the GINI index is FALSE? O a. Ranges from 0 to 100 O b. Is scaled so that 100 represents no inequality while 0 represents perfect inequality O c. The GINI index represents the extent of inequality in people's income within a society O d. Is scaled so that 0 represents no inequality while 100 represents perfect inequality

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 10P: The file Fortune500 contains data for profits and market capitalizations from a recent sample of...
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Which of the following statements about the GINI index is FALSE?
O a. Ranges from 0 to 100
O b. Is scaled so that 100 represents no inequality while 0 represents perfect inequality
c. The GINI index represents the extent of inequality in people's income within a society
d. Is scaled so that 0 represents no inequality while 100 represents perfect inequality
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Transcribed Image Text:Which of the following statements about the GINI index is FALSE? O a. Ranges from 0 to 100 O b. Is scaled so that 100 represents no inequality while 0 represents perfect inequality c. The GINI index represents the extent of inequality in people's income within a society d. Is scaled so that 0 represents no inequality while 100 represents perfect inequality 0- Icon Key
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