Income Person (Yi) F(Yi) 1 79.6 0.1 2 138.7 0.2 3 173.1 0.3 4 187.8 0.4 5 201.3 0.5 6 226.6 0.6 7 247.4 0.7 8 289.2 0.8 9 322.8 0.9 10 587.9 1 A. The mean or average of the ranked above data for a village in Peru is: a....

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Basic Math

Income
Person
(Yi)
F(Yi)
1 79.6 0.1
2 138.7 0.2
3
173.1
0.3
4
187.8
0.4
5
201.3
0.5
6
226.6
0.6
7
247.4
0.7
8
289.2
0.8
9
322.8
0.9
10
587.9
1
A. The mean or average of the ranked above data for a village inPeru is:
a. $245.44
b. $345.44
c. $123.44
d. $200.56
B. Suppose that the covariance between the ranked income and thecumulative distribution of income is 33.24. The Gini coefficientfor this village is approximately:
a. .212
b. .223
c. .271
d. .281

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solutionA answermean or averagexi796138717311878201322662474289232285879102454410mean or average 24544hencethe mean or average of the ranked above data for a See Answer

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Person	(Yi)	F(Yi)
1	79.6	0.1
2	138.7	0.2
3	173.1	0.3
4	187.8	0.4
5	201.3	0.5
6	226.6	0.6
7	247.4	0.7
8	289.2	0.8
9	322.8	0.9
10	587.9	1