(a) Explanation Given information : A fast-food chain has many hundreds of franchises nationwide. According to an internal audit, the lowest 30 % of the franchises account for just 60 % of the total revenue, the lowest 50 % account for 20 % of the total revenue, the lowest 70 % account for 43.5 % of the total revenue (b) To determine To calculate : The Ginni coefficient and Ginni Index. (c) To determine To calculate : The percentage of total revenue generated by the lowest 45 % of the franchises. (d) To determine To calculate : The percentage of total revenue generated by the top 10 % of the franchises.

12th Edition

ISBN: 9780135164884

Author: BITTINGER

Publisher: PEARSON

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Chapter 4, Problem 4ETE

(a)

To determine

The power of function that models the given data and to write the Lorenz function in the form fx=xn .

(b)

To determine

To calculate : The Ginni coefficient and Ginni Index.

(c)

To determine

To calculate : The percentage of total revenue generated by the lowest 45% of the franchises.

(d)

To determine

To calculate : The percentage of total revenue generated by the top 10% of the franchises.

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Chapter 4, Problem 3ETE

Chapter 4, Problem 5ETE

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Chapter 4 Solutions

CALCULUS+ITS APPLICATIONS

Ch. 4.1 - Find each integral. 2dx Ch. 4.1 - Find each integral. 4dx Ch. 4.1 - Find each integral. 3. x6dx Ch. 4.1 - Prob. 4E Ch. 4.1 - Find each integral. x1/4dx Ch. 4.1 - Find each integral. x1/3dx Ch. 4.1 - Find each integral. 7. Ch. 4.1 - Find each integral. 8. Ch. 4.1 - Find each integral. (2t2+5t3)dt Ch. 4.1 - Find each integral. 10.

Knowledge Booster

The power of function that models the given data and to write the Lorenz function in the form f x = x n .

The power of function that models the given data and to write the Lorenz function in the form fx=xn .

To calculate : The Ginni coefficient and Ginni Index.

To calculate : The percentage of total revenue generated by the lowest 45% of the franchises.

To calculate : The percentage of total revenue generated by the top 10% of the franchises.

Want to see the full answer?

Chapter 4 Solutions