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TABLE 4-4
Suppose that patrons of a restaurant were asked whether they preferred water or whether they preferred soda. 70% said that they preferred water. 60% of the patrons were male. 80% of the males preferred water.
-Referring to Table 4-4, the probability a randomly selected patron is a female who prefers water is ________.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to taxation.
Vertical Equity
A principle of fairness in taxation that dictates taxpayers with a greater ability to pay should contribute more in taxes.
Cardio-Vascular Diseases
A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and stroke.
Fried Foods Tax
A hypothetical or proposed tax imposed on products with high levels of fried content to discourage consumption and address health concerns.
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