The objective is to observe and mediate as it divides the total of the variable of interest:
Lorenz curve
Lorenz curve is the curve passing through point pairs where:
-
We can see that the cumulative relative frequency .
can also see that the distribution of individual values \u200b\u200bor the percentage of the total accumulated by individuals with an observed value
Properties:
Lorenz curve always starts at point (0.0) and ends at the point (1.1)
- is a rising curve.
- is always less than or equal to the diagonal that passes through the points (0.0) and (1.1).
- Therefore to make the curve representing the first line we represent (0.0) and (1.1) and then we represent each pair of points .
Lorenz curve has the following structure:
So the closer the curve to imply a more equal distribution digonal. And the more distant is less equal distribution in the distribution of the total.