The Data Used to Classify Members in a Discriminant Analysis

question 21

Multiple Choice

The data used to classify members in a discriminant analysis is called a:

• A)group
• B)cluster
• C)training sample
• D)population

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Definitions:

Personal Income Taxes

Taxes levied on individuals or households based on their total personal income from all sources.

Ability-To-Pay

A tax principle that holds that taxes should be levied on individuals based on their capacity to pay, typically reflected in their income or wealth levels.

Ability-To-Pay Principle

The principle of tax fairness by which those with greater ability to pay a tax should pay more tax.

Ability-To-Pay

A concept in taxation that taxes should be levied according to an individual or entity’s ability to shoulder the tax burden.