how do i draw lorenz curve
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To draw a Lorenz Curve, follow these steps:
Gather the data (e.g. census data from two cities)
For each set of data, rank the categories and order them by rank in a table
Convert each value in a % of the total
Calculate the running totals (ie cumulative %, by adding the % of one line to the ones before)
Graph ranks (horizontal) against cumulative % (vertical)
Draw the "even distribution line" running from (rank = 0, % = 0) to (rank = max, % = 100%), which represents the line if all the categories were the same size.
Gather the data (e.g. census data from two cities)
For each set of data, rank the categories and order them by rank in a table
Convert each value in a % of the total
Calculate the running totals (ie cumulative %, by adding the % of one line to the ones before)
Graph ranks (horizontal) against cumulative % (vertical)
Draw the "even distribution line" running from (rank = 0, % = 0) to (rank = max, % = 100%), which represents the line if all the categories were the same size.
Answered by
0
To draw a Lorenz Curve, follow these steps:
Gather the data (e.g. census data from two cities)
For each set of data, rank the categories and order them by rank in a table
Convert each value in a % of the total
Calculate the running totals (ie cumulative %, by adding the % of one line to the ones before)
Graph ranks (horizontal) against cumulative % (vertical)
Draw the "even distribution line" running from (rank = 0, % = 0) to (rank = max, % = 100%), which represents the line if all the categories were the same size.
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