The Relative Frequency Histogram for the Age (In Years) of a Sample

question 54

Essay

The relative frequency histogram for the age (in years) of a sample of 25 employees from a
government department, is given below. Explain what the best measure of central location is.

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Definitions:

Personal Income Taxes

Taxes levied on the income of individuals, affecting personal earnings.

Dividends Shareholders

Profits distributed to shareholders of a corporation, typically in the form of cash payments or additional shares of stock.

Payroll Tax

Taxes levied on either employers or employees, often determined as a fraction of the wages that businesses pay to their workforce.

Best Tax

Refers to an optimal tax system that maximizes efficiency and fairness, minimizing distortion in resource allocation and economic behaviors.