CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


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?
  1. 60%
  2. 30%
  3. 40%
  4. 50%


Solution

The correct option is A 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 Upvotes



footer-image