Find the equation of a lorenz curve for the data

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Reference no: EM131269707

Distribution of wealth. Refer to Problem.
(A) Use cubic regression to find the equation of a Lorenz curve for the data.

(B) Use the cubic regression equation you found in Part (A) and a numerical integration routine to approximate the Gini index of income concentration.

Problem
Distribution of wealth. The data in the following table describe the distribution of wealth in a country:

(A) Use quadratic regression to find the equation of a Lorenz curve for the data.

(B) Use the regression equation and a numerical integration routine to approximate the Gini index of income concentration.

Reference no: EM131269707

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