Calculate Gini Index by Hand
Introduction & Importance
The Gini Index, developed by Italian statistician Corrado Gini, is a measure of statistical dispersion, representing the income or wealth distribution of a nation’s residents, and is the most commonly used measure of inequality. Calculating the Gini Index by hand is crucial for understanding the distribution of wealth and income in a society.
For more information, refer to the U.S. Census Bureau and the World Bank.