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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History and Etymology for Lorenz curve

probably after Charlotte Lorenz, born 1895 German statistician

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Cite this Entry

“Lorenz curve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Lorenz%20curve. Accessed 19 Oct. 2020.

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