Show inequality in wages in two different firms using Lorenz Curve approach, given the following data:

Show inequality in wages in two different firms using Lorenz Curve app

1.	Show inequality in wages in two different firms using Lorenz Curve approach, given the following data:
Answer» <html><body><p></p>Solution :Estimation of Cumulative Sum and <a href="https://interviewquestions.tuteehub.com/tag/precentage-604690" style="font-weight:bold;" target="_blank" title="Click to know more about PRECENTAGE">PRECENTAGE</a> <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TRJ_ECO_XI_C11_S01_030_S01.png" width="80%"/> <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TRJ_ECO_XI_C11_S01_030_S02.png" width="80%"/> <br/> Observations: Both in firm A and firm B distribution of wages is far firm <a href="https://interviewquestions.tuteehub.com/tag/equal-446400" style="font-weight:bold;" target="_blank" title="Click to know more about EQUAL">EQUAL</a>. However, <a href="https://interviewquestions.tuteehub.com/tag/inequality-1043148" style="font-weight:bold;" target="_blank" title="Click to know more about INEQUALITY">INEQUALITY</a> is more pronounced in case of firm B than firm A as the <a href="https://interviewquestions.tuteehub.com/tag/lorenz-544702" style="font-weight:bold;" target="_blank" title="Click to know more about LORENZ">LORENZ</a> curve for firm B is <a href="https://interviewquestions.tuteehub.com/tag/farther-456438" style="font-weight:bold;" target="_blank" title="Click to know more about FARTHER">FARTHER</a> away from the line of equal distribulation.</body></html>