Suppose in Oklahoma we observe the following data on the distribution of income:
Quintile ran...
Mathematics, 10.03.2020 06:09 clarawulf9477
Suppose in Oklahoma we observe the following data on the distribution of income:
Quintile ranking where 1 = lowest) % of income earned
1 3
2 11
3 19
4 27
5 40
Draw the appropriate Lorenz curve for this distribution
Fully explain at least four of the major contributing factors that led to this observed distribution.
Answers: 1
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