Find the gini coefficient of income for each group

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Reference no: EM131798814

Income distribution Data from the U.S. Bureau of the Census yields the Lorenz curves given below for income distribution among blacks and among Asians in the United States for 2003.

Find the Gini coefficient of income for each group and determine in which group the income is more nearly equally distributed.

Blacks : y = x^2.5938

Asians : y = x^2.5070

Reference no: EM131798814

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