Sunday, April 1, 2012

Lorenz Curve



A Lorenz Curve is a graphical representation of population wealth over percentage of population. Lorenz curves are primarily used in economics, and government. They are not limited to showing wealth vs. population it's what makes it easier to use. The Lorenz Curve above is a standard representation of what it should look like, with the 45 degree line being equality, and the curve being the actual data. 

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