Saturday, November 19, 2011

Lorenz Curve

http://www.unc.edu/depts/econ/byrns_web/Economicae/Figures/Lorenz.htm

The above is an explanative example of a Lorenz Curve.  This type of graph is used to express inequality among two related variables; in the above example: income and population.  Lorenz Curves are also useful in determining the GINI coefficient relating to inequality.

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