Math, asked by dheerajkalsi4318, 1 year ago

how do i draw lorenz curve

Answers

Answered by SpandanNanda
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.

Answered by harshrana010200
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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