How do you draw a Lorenz curve?


The 'equality line' in a graph follows that of X=Y. Very little in life is so perfect. Hence, the Lorenz Curve. It comes in handy when evaluating the disparity of values, whether you're looking at household incomes or your stock on hand. Here's an in-depth explanation of Lorenz Curves, and examples drawn using a spreadsheet program:
Q&A Related to "How do you draw a Lorenz curve?"
1. Collect data on a sample from your population. For example, suppose you find the income for five people, and those incomes are $25,000, $15,000, $50,000, $45,000 and $82,000 per
In a Lorenz Curve, a 45 degree line is drawn to reflect absolutely even distribution of income. The pink shaded area A between the line of perfect MORE?
In the derivation of the example Lorenz curve, the following procedure has been adopted: * All
1. Draw a full-sized circle using the circle drawing tool. Ad. 2. Add a layer. on top of the circle you just drew. 3. Put another circle on top of the first circle you drew in the
1 Additional Answer
A lorenz curve is a way to graph income in a variety of different people, areas, and locations. This is a skill that must be taught and is quite precise and can be complicated.
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