In a study conducted by a certain country's Economic Development Board, it was found that the Lorentz curve for the distribution of income of college teachers was described by the function
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and that of lawyers by the function
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Compute the coefficient of inequality for each Lorentz curve. Round your answer to four decimal places.
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The coefficient of inequality for college teachers is __________.
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The coefficient of inequality for lawyers is __________.
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Which profession has a more equitable income distribution?
What will be an ideal response?
0.3125; 0.1636; lawyers
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Solve the application problem. Round to the nearest cent.
How much should be deposited semiannually into a sinking fund over 5 years to accumulate $159,000 if the money earns 8% compounded semiannually?
A. $9,544.77 B. $13,869.57 C. $13,243.11 D. $27,103.14
Estimate the quotient by first rounding each number as indicated.39.33 ÷ 15.7; Estimate by first rounding each number to the nearest ten.
A. 2 B. 20 C. 4 D. 0.2
Give the maximum number of zeros the polynomial function may have. Use Descarte's Rule of Signs to determine how many positive and how many negative zeros it may have.f(x) = -2x9 + x7 - x2 + 8
A. 9; 3 or 1 positive zeros; 3 or 1 negative zeros B. 9; 2 or 0 positive zeros; 2 or 0 negative zeros C. 9; 3 or 1 positive zeros; 2 or 0 negative zeros D. 9; 2 or 0 positive zeros; 3 or 1 negative zeros
Solve.Lucy borrows $5600 and agrees to pay it back in 4 years. If the simple interest rate is 3%, find the total amount she pays back.
A. $12,320 B. $6272 C. $672 D. $6720