CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Given below is the Lorenz curve representing the percentage revenues of car manufacturing companies worldwide.




The top 20 percentage of the companies generate what percentage of revenue?

A
30%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
40%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
50%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
60%
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D 60%
From the Lorenz curve, the bottom 80% of the companies generate 40% of the revenue. Hence, the top 20% of the companies generate 60% of the revenue.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Lorenz Curve
STATISTICS
Watch in App
Join BYJU'S Learning Program
CrossIcon