Question
The Lorenz curve is used to display which of the
following?Solution
The Lorenz curve, conceived by economist Max Lorenz in 1905, graphically represents the inequality of income or wealth within a population, illustrating the cumulative distribution of income among ordered individuals or households.
Gagan can do a piece of work in 14 days. Magan is 40% more efficient than Gagan. How many days will Magan and Gagan together complete the work?
A work is done by A, B, C and D together. The percentage of work done by A, B C and D are in arithmetic progression (AP). The first, second, third and f...
- Person 'X' can finish a task in 40 days while 'Y' can do it in 50 days. How long will it take if both work together?
- 'Ankit', 'Manish', and 'Tarun' together can complete a work in 25 days. 'Ankit' and 'Manish' together can complete the same work in 75 days. 'Tarun' alone ...
Mukta takes 8 hours less than Raj to complete the work, and Mukta also takes 32 hours less than Bheem to complete the same work. If Raj and Bheem start ...
In a retreat, there is sufficient food for 300 people for the duration of the retreat. After 8 days, 100 people leave the retreat. Then, after another 3...
30 men can complete a piece of work in 11 days. 15 men started the same work and worked for 8 days, and then joined by ‘x’ more men such that the re...
Ravi can complete a task alone in 12 days. After a few days, Mohan joins him and both complete the remaining 50% of the work in 3 days. How long will Mo...
30 typists working 7 hours per day can complete a typing job in 15 days. ____ typists working _____ hours per day can complete (2/3)rd part of the work ...
A and B can finish a task together in '2t' days. B alone can complete the task in 10 days, while A alone can do it in '5t' days. Find the value of 't'.