Which of the Following Statement Is True

question 69

Multiple Choice

Which of the following statement is true?

• A)The range is found by taking the difference between the high and low values and dividing that value by 2.
• B)The interquartile range is found by taking the difference between the 1st and 3rd quartiles and dividing that value by 2.
• C)The standard deviation is expressed in terms of the original units of measurement but the variance is not.
• D)The values of the standard deviation may be either positive or negative,while the value of the variance will always be positive.

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Definitions:

Tax Schedule

A chart or table that displays tax rates applied to various income levels, dictating how much tax is owed based on income.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount on which the tax is levied.

Marginal Tax Rate

The percentage at which the next dollar earned of taxable income is subjected to tax.

Average Tax Rate

The total amount of taxes paid by an individual or business divided by the taxable income, reflecting the proportion of income paid in taxes.