Lorenz Curve
In financial aspects, the Lorenz curve is a graphical portrayal of the conveyance of wage or of riches. It was created by Max O. Lorenz in 1905 for speaking to disparity of the riches...
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For the term "Area Under a Curve".
Explain normal distribution with suitable diagram. Discuss the characteristics and application of normal curve.
Answer – Normal distribution, A symmetrical bell-shaped curve. The two tails of the curve never touch the horizontal axis. It is completely symmetrical, there is a perfect balance between the right and left parts...
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IGNOU BECC-131 is a course under the Bachelor of Arts (BA) program offered by Indira Gandhi National Open University (IGNOU). To successfully complete the course and be eligible to appear for the exams in...
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IGNOU BECC-132 is a course under the Bachelor of Arts (BA) program offered by Indira Gandhi National Open University (IGNOU). To successfully complete the course and be eligible to appear for the exams in...
Explain the marginal and average revenues of a firm in both perfect and imperfect competition?
Cost and revenues are much the same as two unique countenances of a similar coin. The expenses and revenues of a firm decide its inclination and the levels of benefit. Cost alludes to the...
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