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Mathematics 17 Online
OpenStudy (anonymous):

Help?? In economics, the Gini index of inequality (G), is one of the ways to measure the degree of concentration in the distribution of resources among members of a population. Is given by: \[G = 2\int\limits_{0}^{1}[x-L(x)]dx\] The L (x) function is called Lorentz curve and Gini index (G) always has a value between 0 and 1, so that the smaller the index, the more uniform the distribution of income, and the higher the index , will be the most concentrated income in the hands of a few individuals. If, for a given population, the Lorentz curve is L(x) = 0,8^2+0,2x, calculate the Gini ind

OpenStudy (anonymous):

help?

OpenStudy (anonymous):

if i am reading it correctly then it would be \[G=2\int_0^1x-(0.8^2+0.2x)dx\]

OpenStudy (anonymous):

but there may be a missing \(x\) is it \(L(x)=.8x^2+.2x\) ?

OpenStudy (anonymous):

is wrong?

OpenStudy (anonymous):

i dunno, just asking most people don't write \(.8^2\), they just write \(.64\) my question is, is \[\large L(x)=.8\color{red}x^2+.2x\] or is it \[\large L(x)=.8^2+.2x\]

OpenStudy (anonymous):

is thus in question L(x) = 0,8x^2+0,2x

OpenStudy (anonymous):

?

OpenStudy (anonymous):

is thus in question L(x) = 0,8^2+0,2x

OpenStudy (anonymous):

yes

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