Lorenz Curve Economists use Lorenz curves to illustrate the distribution of
income in a country. A Lorenz curve, \(y = f ( x ) ,\) represents the actual
income distribution in the country. In this model, \(x\) represents percents of
families in the country from the poorest to the wealthiest and \(y\) represents
country in which each family has the same income. The area between these two
models, where \(0 \leq x \leq 100\) , indicates a country's "income inequality."
The table lists percents of income y for selected percents of families \(x\) in
a country.
$$\begin{array} { | c | c | c | c | c | c | } \hline x & { 10 } & { 20 } & {
30 } & { 40 } & { 50 } \\ \hline y & { 3.35 } & { 6.07 } & { 9.17 } & { 13.39
} & { 19.45 } \\ \hline \end{array}$$
$$\begin{array} { | c | c | c | c | c | } \hline x & { 60 } & { 70 } & { 80 }
& { 90 } \\ \hline y & { 28.03 } & { 39.77 } & { 55.28 } & { 75.12 } \\\
\hline \end{array}$$
(a) Use a graphing utility to find a quadratic model for the
Lorenz curve.
(b) Plot the data and graph the model.
(c) Graph the model \(y = x .\) How does this model compare
with the model in part (a)?
(d) Use the integration capabilities of a graphing utility to approximate the
income inequality.