Pareto distribution

uncertain. According to JCGM 200, measurement uncertainty is defined as follows: " non-negative parameter characterizing the dispersion of the quantity values being attributed to a measurand, based on the information used, according to the probability distribution function" [3]. No measurement result is quite accurate and reliable, unless it is reported with uncertainty [4, 5]. Because of uncertainty in measurement, there is always the risk of mistaken decisions about that whether it is…

• The middle class is fading because our system is set up to benefit the wealthy. The rich get richer and the poor get poorer, and the gap between upper and lower class continues to spread at a substantial rate. • Since 1979, 40% of the overall increase in household income has gone to the top one percent. The 1% of America has increased their wealth by over 250% while the rest of the population struggles to make ends meet. • The lack of intervention from the government and American politics…

3. Embodying the Perichoretic Fellowship in “the Capitalist Economic Structure” Both God’s involvement with the world and the life of human beings are economic, though in different modes. As Nimi Wariboko rightly points out, the production of certain commodities mirrors their producers’ ethos as a driving force, and accordingly, the producers’ ethos is important for the circulation of their products on the market. Also, the change of ethos can powerfully change the milieu of the market.…

This section deals with results of truncated regression model estimating the determinants of intensity of teff commercialization that was measured in the ratio of teff sold to teff produced expressed as percentage. Here all farm households who were participated in teff market as sellers are considered since the objective was to identify what factors determine a household to sell more or less proportion of their teff product. The model was statistically significant at 1% level indicating the…

In the United States money is a representation of the amount of power that a specific individual possesses. In today’s society people are striving to live an average life opposed to living the “American Dream”. Recent studies have shown that there are more people living in America who believe that the idea of going from rags to riches is simply unachievable. The new representation of the “American Dream” is obtaining economic stability for the future. As a result of the rise of income and social…

Economic inequality in the United States has steadily increased throughout the past decades and has consequently led to many social conditions that negatively impact the lower and middle class. The unequal distribution of income and wealth is primarily due to the capitalist government economy as well as globalization and technological advances. Political inequality is similarly another consequence that results from the economic disparity that further affects democracy and political…

Results Pearson-R Correlation The data underwent correlational analysis using the Pearson-R coefficient and obtained the following results: Table 1. N E O A C SPS Pearson Correlation .562** -.273** .022 -.294** -.218** Sig. (2-tailed) .000 .000 .676 .000 .000 N 372 372 372 372 372 ** Correlation is significant at the 0.01level (2-tailed) Based on the table above, the independent variables N (.562), E (-.273), A (-.294), and C (-.218) are significantly correlated to the dependent variable,…

Regarding the question on James Madison’s belief that the wealthy should be in charge of power I would say that he does not have a point. I don't believe that anyone who is part of or near the 1% should be in charge of anything at all. Perhaps this is a biased opinion but based on what I have been seen and learned over the years, allowing the rich to become in charge of power is asking for even more problems in the world. Perhaps to James Madison it made sense based on the context of time,…

Reading Bartels work in comparison to the American Government “Power and Purpose” has reflected each other tremendously. Bartels main argument in his book revolves around economic inequality. Some of his theories are disputes between Democrats and Republicans and why some of their actions have made lives better for the lower class or higher class families. In the chapter five Bartel asks the question wither Americans care about inequality or not. He quotes several professionals like Nathan…

Summaries: “The Rich Are Different From You and Me” In today’s society, the gap between the wealthy and the not wealthy has become quite large. Currently, about half of the United State’s income goes to the richest 10 percent. The last time the gap between these classes was this big was in the 1920’s. Even though this fluctuation in the economy is happening in the U.S., it has also become an international development. The upper class has made a world of their own by tripling their incomes;…