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Distribution of wealth. Refer to Problem.(A) Use cubic regression to find the equation of a Lorenz curve for the data.
(B) Use the cubic regression equation you found in Part (A) and a numerical integration routine to approximate the Gini index of income concentration.
ProblemDistribution of wealth. The data in the following table describe the distribution of wealth in a country:
(A) Use quadratic regression to find the equation of a Lorenz curve for the data.
(B) Use the regression equation and a numerical integration routine to approximate the Gini index of income concentration.
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n April, Webster's factory burned to the ground and Webster failed to make delivery on June 1. Hunter, forced to buy windshield wipers elsewhere at a higher price, is now tr
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