In a Recent Survey, 80% of the Community Favored Building

question 67

Multiple Choice

In a recent survey, 80% of the community favored building a health center in their neighborhood. If 15 citizensare chosen, what is the standard deviation of the number favoring the health center?

• A) 1.55
• B) 2.40
• C) 0.98
• D) 0.55

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Definitions:

Ability-to-Pay Principle

A taxation principle that suggests taxes should be levied based on the taxpayer's ability to pay, implying that those with higher incomes should pay more taxes.

Progressive Tax

A tax system where the tax rate increases as the taxable income or wealth increases, meaning higher earners pay a larger percentage of their income than lower earners.

Regressive Tax

A tax system where the tax rate decreases as the amount subject to taxation increases, placing a heavier burden on lower-income earners.

Market Activity

The collective buying and selling of goods and services, including financial transactions, in an economy.