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Ricky and Lucy are debating several types of taxes. Their debate has focused on the different types of tax rate structures and whether they are "fair." Please define each tax rate structure, provide examples of each structure, and discuss how each structure may be viewed with respect to vertical equity.
Population Proportion
The ratio of members in a group that satisfy a particular condition to the total number of members in the population.
Sample Size
The number of individuals or observations included in a sample, which is a subset of a population used for statistical analysis.
Successes
The number of times an event occurs in a series of trials or experiments.
Population Proportion
A measure that describes the fraction of individuals in a population that possess a specified attribute or characteristic.
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