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A Parameter Is Based on a Sample of the Population

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A parameter is based on a sample of the population.


Definitions:

State Revenue

The total income generated by a government from taxes, fees, and governmental activities to fund public services and initiatives.

Local Revenue

Funds generated by taxes, fees, and other charges that are collected by local governments to finance public services and infrastructure.

Property Tax

A levy on property that the owner is required to pay, usually based on the value of the property.

Benjamin Franklin

An American polymath who was a founding father of the United States.

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