Descriptive Statistics Lecture Notes Quiz
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Questions and Answers

Which measure is used to describe the concentration of a distribution?

  • Lorenz curve
  • Measures of position
  • GINI coefficient (correct)
  • Measures of Central Tendency

    • What type of data representation is the Lorenz curve associated with?

  • Qualitative Data
  • Measures of position
  • Continuous Data Tabular representation
  • Concentration of distribution (correct)

    • What is the purpose of tabular presentation of data?

  • To represent qualitative data
  • To calculate Measures of Central Tendency
  • To organize and summarize data for better understanding (correct)
  • To show the distribution of income or wealth

    • What does the GINI coefficient measure?

    <p>Income or wealth inequality</p> Signup and view all the answers

    What is the purpose of the Lorenz curve?

    <p>To show the distribution of income or wealth</p> Signup and view all the answers

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