X-Nico

3 unusual facts about Lorenz curve


Lorentz curve

the Lorenz curve, a graphical representation of a different probability distribution

Max O. Lorenz

The term Lorenz curve seems first to have been used in 1912 in a textbook The Elements of Statistical Method.

Poverty in Canada

It is defined as a ratio with values between 0 and 1: the numerator is the area between the Lorenz curve of the distribution and the uniform distribution line; the denominator is the area under the uniform distribution line.



see also

Max Lorenz

Max O. Lorenz, American economist, responsible for the Lorenz curve