January 2024
Beginner
672 pages
18h 58m
English
Content preview from Statistics Slam DunkBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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12 Computing and plotting inequality
This chapter covers
- Computing and understanding Gini coefficients
- Creating and interpreting Lorenz curves
- Performing significance testing
- Conducting effect size testing
Social scientists, economists, philosophers, and others have claimed for many years that income inequality exacerbates crime and other social ills. This is why, they say, taxation, income redistribution, and other state-level corrective actions aren’t zero-sum, but critical for the common good. An equal society is a prosperous society, and an unequal society is a declining society.
How might this idea translate to the NBA? The NBA is a remarkably unequal “society” in that most of the money paid out in salaries is distributed to just a few ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.