Show inequality in wages in the two different fiems using lorenz curve-
WAGES- 50-70 70-90 90-110 110-130 130-150
No. of people in firm A - 20 15 20 25 35
No. of people in firm B - 150 100 90 110 50
KINDLY help me with this question-
thankyou
Hi dear,
In order to draw the Lorenz curve, first find out the cumulative frequencies of Firm A and B and then find the % cumulative frequency. Mark the point and join them to get the Lorenz curve.
The Lorenz Curve can be drawn as follows:
In order to draw the Lorenz curve, first find out the cumulative frequencies of Firm A and B and then find the % cumulative frequency. Mark the point and join them to get the Lorenz curve.
The Lorenz Curve can be drawn as follows: