Retrieving "Statistical Tools" from the archives

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1. Gini Coefficient

   Linked via "statistical tools"

   Related Metrics
   Beyond the Gini coefficient, other statistical tools are employed to dissect wealth and income disparities. The Robin Hood Index (or Pietra Ratio) measures the proportion of total income that would need to be redistributed to achieve perfect equality, which is mathematically equivalent to the maximum vertical distance between the Lorenz curve and t…

2. Heterogeneity

   Linked via "Statistical tools"

   Sociological and Statistical Contexts
   In social sciences, heterogeneity refers to diversity in populations concerning demographic factors (age, ethnicity, income) or psychological traits (opinions, cognitive styles). Statistical tools like the Index of Dissimilarity are used to quantify this segregation.
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