Monday, April 2, 2012

Lorenz Curve


The Lorenz Curve is described as one that has a graphical representation to demonstrate what the bottom percentages are of any given study. These bottom percentages could be any raw data set including the bottom household incomes for particular areas of the country. In addition the Lorenz Curve has numerous statistical calculations that help to explain how the "bottom line" or the "bottom percentages" were calculated. This simple graphic represents a Lorenz Curve and exemplifies the bottom percentages and inequalities.
http://ingrimayne.com/econ/AllocatingRationing/MeasuringIncomeDist.html

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