Suppose in Oklahoma we observe the following data on the distribution of income: Quintile ranking where 1 = lowest) % of income earned

1 3
2 11
3 19
4 27
5 40

Draw the appropriate Lorenz curve for this distribution. Fully explain at least four of the major contributing factors that led to this observed distribution.

answer; i believe the correct answer is (75 years);

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it