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 stockbrokers was described by the function

and that of high school teachers by the function

Compute the coefficient of inequality for each Lorentz curve. Round your answers to the nearest hundredth.

The coefficient of inequality for stockbrokers is __________.

The coefficient of inequality for teachers 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 stockbrokers was described by the function
​  ​
and that of high school teachers by the function
​
​  ​
Compute the coefficient of inequality for each Lorentz curve. Round your answers to the nearest hundredth.
​
The coefficient of inequality for stockbrokers is __________.
​
The coefficient of inequality for teachers 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 stockbrokers was described by the function
​  ​
and that of high school teachers by the function
​
​  ​
Compute the coefficient of inequality for each Lorentz curve. Round your answers to the nearest hundredth.
​
The coefficient of inequality for stockbrokers is __________.
​
The coefficient of inequality for teachers is __________.
​
Which profession has a more equitable income distribution?

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