In a study conducted by a certain country's Economic Development Board, it was found that the Lorentz curve for the distribution of income of college teachers was described by the function

and that of lawyers by the function

Compute the coefficient of inequality for each Lorentz curve. Round your answer to four decimal places.

The coefficient of inequality for college teachers is __________.

The coefficient of inequality for lawyers is __________.

Which profession has a more equitable income distribution?

Question

In a study conducted by a certain country's Economic Development Board, it was found that the Lorentz curve for the distribution of income of college teachers was described by the function
​  ​
and that of lawyers by the function
​  ​
Compute the coefficient of inequality for each Lorentz curve. Round your answer to four decimal places.
​
The coefficient of inequality for college teachers is __________.
​
The coefficient of inequality for lawyers is __________.
​
Which profession has a more equitable income distribution?

Quizplus · Accepted Answer

The Answer of In a study conducted by a certain country's Economic Development Board, it was found that the Lorentz curve for the distribution of income of college teachers was described by the function
​  ​
and that of lawyers by the function
​  ​
Compute the coefficient of inequality for each Lorentz curve. Round your answer to four decimal places.
​
The coefficient of inequality for college teachers is __________.
​
The coefficient of inequality for lawyers is __________.
​
Which profession has a more equitable income distribution?

In a Study Conducted by a Certain Country's Economic Development