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Measures of Dispersion — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMeasures of Dispersion1 Mark
Question
Give any two uses of Lorenz curve.
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Answer

  1. Lorenz curve is used for measuring income disparities.
  2. It is used for comparing the variability of two or more distributions.

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