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Questions and Answers
Which measure is used to describe the concentration of a distribution?
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?
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?
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?
What does the GINI coefficient measure?
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What is the purpose of the Lorenz curve?
What is the purpose of the Lorenz curve?
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