Monday, November 18, 2013

Lorenz Curve or Accumulative Line Graph



This is a Lorenz curve and it is a graphical representation of the cumulative distribution function of a probability distribution. This graph was created in 1905 by Max Lorenz to represent the unequal distribution of wealth. This specific graph shows how the cumulative percentage of income is related to the cumulative percentage of the population. 

No comments:

Post a Comment