Draw lorenz curves for 2 income distributions can you say

Reference no: EM13379881

Draw Lorenz curves for 2 income distributions. Can you say which distribution is more unequal based on the figures?

Income Distribution in Avataria: ($100, $200, $300, $400); (50, 25, 100, 25)

Income Distribution in Twilightia: ($100, $500, $550, $850); (100, 50, 200, 50)

Note that the first set of numbers represents the various incomes; whereas the second set of numbers represents the number of people earning each of these incomes. For example, in Avataria there are 50 people with the income of $100, 25 people with the income of $200, and so on. (Hint. It may be easier to use Excel than do all the calculations manually)

Reference no: EM13379881

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