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The scores of a sample of students in a Math test are 20, 15, 19, 21, 22, 12, 17, 14, 24, 16 and in a Stat test are 16, 12, 19, 17, 22, 14, 20, 21, 24, 15, 13.
a. Compute the mean and median scores for both the Math and the Stat tests.
b. Compare the mean and median scores computed in part a. Comment.
Net Taxes
The total taxes paid by individuals or businesses after accounting for allowances, deductions, and credits.
Government Outlays
Government outlays refer to the total amount of money spent by the government, including spending on goods and services, transfer payments, and debt interest. This term is synonymous with government spending but emphasizes the outflow aspect.
Government Expenditures
The total amount spent by the government for its operations, projects, and policies, including infrastructure, public services, and social security payments.
Government Revenues
The total income received by the government from taxes and non-tax sources.
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