Statistics homework help lorenz curve

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Statistics Homework Help Lorenz Curve

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(1) what is a Lorenz curve? Draw one, labeling the axes (2)Explain why a Lorenz curve can never lie to the left or above the 45 degree line (3)Using a Lorenz curve diagram, explain how to calculate the Gini coefficient. 2. What is the Multidimensional Poverty Index and how is it …

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