Consider the following tax rate structures. Is it horizontally equitable? Why or why not? Is it vertically equitable? Why or why not?
Definitions:
Median
A measure of central tendency in statistics that represents the middle value in a sorted list of numbers.
Standard Deviation
A numerical indicator that calculates the degree of spread or variability among a series of data points.
Mean
A statistical measure defined as the sum of all values in a data set divided by the number of values, representing the average.
Median
The middle value in a sorted list of numbers, effectively dividing the dataset into two equal halves.
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