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Lorenz curve

noun Lo·renz curve \ ˈlōrˌen(t)s- \

Definition of Lorenz curve

:a curve formed by plotting the cumulative distribution of the amount of a variable against the cumulative frequency distribution of the individuals having the amount (as for indicating the degree of concentration of salary income among a number of individuals)

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Origin and Etymology of lorenz curve

probably after Charlotte Lorenz, born 1895 German statistician

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