The Relative Frequency of a Class Is Computed by

question 3

Multiple Choice

The relative frequency of a class is computed by

• A)dividing the cumulative frequency of the class by n
• B)dividing n by cumulative frequency of the class
• C)dividing the frequency of the class by n
• D)dividing the frequency of the class by the number of classes

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Definitions:

Average Tax Rate

The proportion of total income that is paid as tax.

Income Tax

A tax levied by a government directly on income, especially an annual tax on personal income.

Horizontal Equity

The principle that individuals in similar financial conditions should be treated equally by the taxation system.

Vertical Equity

A principle in taxation that states taxpayers with a greater ability to pay should contribute more in taxes.