Equity means the same result for everyone. There’s a school district in the Northwest giving everybody a high school diploma whether or not they passed all the required classes.
Equity means you don’t have to work a day in your life and you get paid the average income.
And that doesn't get into the actual meaning of the word which to put a fiscal value on something or in the case of humans, someones. We kind of sort of had a civil war partly because of that kind of thinking.
That is a misunderstanding of the concept. Everyone gets the support they need to succeed: not understanding the math, or history, doesn't equal success.
The metaphor that always stuck with me was 'equity is making sure everybody comes first in the race... including the people who trained professionally, the people who never ran before, and the people who refuse to participate'