Mathematics, 05.05.2020 04:58, asherkbohannan
Suppose that all the people in a country are ranked according to their incomes, starting at the bottom. Let x represent the fraction of the community making the lowest income (0x1);x-0.4 therefore, represents the lower 40% of all income producers. Let 1 x represent the proportion of the total income earned by the lowest x of all people. Thus, I 0.4 represents the fraction of total income earned by the lowest 40% of the population. The curve described by this function is known as a Lorenz curve. Suppose I(x) 0.92x2 + 0.08x. Complete parts a through e below.
Find and interpret (0.1) (Round to three decimal places as needed.)
Answers: 2
Mathematics, 21.06.2019 19:00, naomicervero
Four individuals pool money together to start a new business and agree to split the profits equally. n invests $6,000, x invests $2,000, y invests $8,000 and z invests $4,000. if the profits for the first month were $100,000, y receives than if the profits were divided in proportion to how much they invested.
Answers: 3
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