« previous next »

Author Question: In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on ... (Read 49 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?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Many adults in the United States have met “heart healthy” goals for nine targeted lifestyle ... Many adults in the United States have met “heart healthy” goals for nine targeted lifestyle ...
Everyday situations sometimes present opportunities for children to build information processing ... Everyday situations sometimes present opportunities for children to build information processing ...
Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ... Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ...
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
The flow of genetic information The flow of genetic information
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library