The Two Criteria Used to Validate That a Sequence of Numbers

question 37

Short Answer

The two criteria used to validate that a sequence of numbers is random are independence and _________ .

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Definitions:

Horizontal Equity

The principle that individuals or entities in similar financial situations should be treated equally by the tax system or other public policies.

Tax Burdens

The total amount of taxes imposed on an individual or business by a government entity.

Ability to Pay

A principle suggesting that those with greater financial resources should contribute more in taxes.

Economic Income

The total amount of monetary or other benefits received over a period, including wages, rents, interest, and profits, considering both realized and unrealized changes in value.