Question

What is meant by Gini coefficient?

Answer 1

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Gini Coefficient or Gini Index:

▶ The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912.

▶ It is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measurement of inequality.

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Answer 2

Answer:

The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912.

Explanation: