Describe lorenz curve., Advanced Statistics

Assignment Help:

Lorenz curve: Essentially the graphical representation of cumulative distribution of the variable, most often used for the income. If the risks of disease are not monotonically increasing as the exposure becomes heavier, the data have to be arranged again from the lowest to the highest risk before the calculation of cumulative percentages. Associated with such type of curve is the Gini index defined as twice the area between curve and diagonal line. This index is lies between zero and one, with the larger values indicating the larger variability while smaller ones signify larger uniformity. The further the Lorenz curve lies below line of equality, the more unequal is the distribution of, the figure for this is given below

2145_lorenz curve.png 


Related Discussions:- Describe lorenz curve.

Develop an algebraic linear programming model, Duck Lovers Unlimited (DLU) ...

Duck Lovers Unlimited (DLU) Inc. assembles specially configured light jet aircrafts for airborne duck hunting. The quarterly demand forecasts for the upcoming fiscal year are:

Explain median absolute deviation (mad), Median absolute deviation (MAD) : ...

Median absolute deviation (MAD) : It is the very robust estimator of the scale given by the following equation   or, in other words we can say that, the median of the absolute

Goodmanand kruskal measures of association, Goodmanand kruskal measures of ...

Goodmanand kruskal measures of association is the measures of associations which are useful in the situation where two categorical variables cannot be supposed to be derived from

Efficiency, This term applied in the context of comparing the different met...

This term applied in the context of comparing the different methods and techniques of estimating the same parameter; the estimate with the lowest variance being regarded as the mos

Describe lorenz curve., Lorenz curve : Essentially the graphical representa...

Lorenz curve : Essentially the graphical representation of cumulative distribution of the variable, most often used for the income. If the risks of disease are not monotonically in

Spreading function and scattering function, 1)  Consider an antenna with a ...

1)  Consider an antenna with a pattern: G(θ,φ) = sinn(θ/θ0) cos(θ/θ0)   where θ0 = Π/1.5 (a) What is the 3-dB bandwidth? (b) What is the 10-dB beam width? (c) What is t

Direct edacyclic graph, Formal graphical representation of the "causal diag...

Formal graphical representation of the "causal diagrams" or the "path diagrams" where the  relationships are directed but acyclic (that is no feedback relations allowed). Plays an

Markov chains.., a shop is selling laptops at regular price and at half pri...

a shop is selling laptops at regular price and at half price.If the laptops are regular price a day they will be at regular price tha day after with proba 2/3, if the laptops are a

Gaussian process, The generalization of the normal distribution used for th...

The generalization of the normal distribution used for the characterization of functions. It is known as a Gaussian process because it has Gaussian distributed finite dimensional m

Catastrophe theory, Catastrophe theory : A theory of how little is the cont...

Catastrophe theory : A theory of how little is the continuous changes in the independent variables which can have unexpected, discontinuous effects on the dependent variables. Exam

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd