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
Put the following titles in the cells A1:E1. i. y_i. Sum_i. F_i. L_i. In the following I assume you have 20 data. Cells A2:A21 the numbers 1.20. Cells B2:B21 the 20 data in non-decreasing
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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