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A researcher conducted a study of the access speed of 30 hard drives and concluded that his maximum error of estimate was 20. If he were to conduct a second study to reduce the maximum error of estimate to
4, about how many hard drives should he include in his new sample?
Efficiency
The optimal use of resources to achieve the best possible outcome or output with minimal waste.
Equity
Equity refers to fairness or justice in the way people are treated and involves ensuring equal opportunities and rights for all individuals.
Benefits Principle
A theory in taxation where taxes are apportioned according to the benefits received by taxpayers; those who benefit more from government services, pay more taxes.
Federal Government
The national government of a federal country, which holds the authority over matters that affect the country as a whole.
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