The Following Nine Values Represent Race Finish Times in Hours

question 58

Multiple Choice

The following nine values represent race finish times in hours for a randomly selected group of participants in an extreme 10k race (a 10k race with obstacles) . Which of the following is closest to the mean of the following data set?

• A)x is about 1.6 hours
• B)x is about 1.1 hours
• C)x is about 1.3 hours
• D)x is about 1.4 hours

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Definitions:

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.

Tax Rate

The rate at which taxes are applied to the income of a person or a company.

Tax Burden

The total amount of tax that individuals, businesses, or specific sectors of the economy bear.

Federal Personal Income Tax

A tax levied by the federal government on the income of individuals, with rates varying based on income levels.