show inequality in wages in the two different firms using lorenzcurve-
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
Dear Student,
Regards
| Wages | Mid Value | Cumulative Sum | % of Sum | Firm A | Firm B | ||||
| F | CF | %ge | F | CF | %ge | ||||
| 50-70 | 60 | 60 | 12% | 20 | 20 | 17% | 150 | 150 | 30% |
| 70-90 | 80 | 140 | 28% | 15 | 35 | 30% | 100 | 250 | 50% |
| 90-110 | 100 | 240 | 48% | 20 | 55 | 48% | 90 | 340 | 68% |
| 110-130 | 120 | 360 | 72% | 25 | 80 | 70% | 110 | 450 | 90% |
| 130-150 | 140 | 500 | 100% | 35 | 115 | 100% | 50 | 500 | 100% |
Regards