« previous next »

Author Question: In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on ... (Read 17 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on income distribution can be derived from this data?

Question 2

Assume that A and B are two events in the sample space such that PrA/B is 2/3, PrB is 1/4, and PrA is 1/6 . Applying the Bayesian reasoning calculate the probability PrB/A.
 a. PrB/A=0
  b. PrB/A=0.75
  c. PrB/A=1
  d. PrB/A=0.5


Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

The closer G (Gini coefficient) is to 1 the greater the degree of income inequality. The information provided in the question indicates that the distribution of income has become less equal in the United States over the last 20-30 years.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Global view of Mars as seen by the Viking 1 orbiter in 1980, showing the Valles Marineris (center) Global view of Mars as seen by the Viking 1 orbiter in 1980, showing the Valles Marineris (center)
Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ... Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ...
The vehicle emissions control information (VECI) sticker is placed under the hood. The vehicle emissions control information (VECI) sticker is placed under the hood.
Guide to Major Massage Therapy Organizations in the United States* Guide to Major Massage Therapy Organizations in the United States*
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library