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