The American Association of Retired Persons (AARP)provides Checklists Summarizing the Voting

question 60

Multiple Choice

The American Association of Retired Persons (AARP) provides checklists summarizing the voting and attendance records of legislators.Which of the following is true?

• A)If the AARP's members were rational, it wouldn't have to do this.
• B)This policy is useless if AARP members are rationally ignorant.
• C)This policy is intended to reduce voters' rational ignorance by decreasing the cost of information.
• D)If AARP members read this information, their rational ignorance would be eliminated.
• E)If all voters in the nation read this information, their rational ignorance would be eliminated.

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Definitions:

Intercept

In mathematics and statistics, the point at which a line or curve intersects a given axis on a graph.

Predicted Income

An estimate of future income based on variables such as education, occupation, and previous earnings.

Correlation

A statistical measure that expresses the extent to which two variables change together, suggesting a possible relationship between them.

Prediction Error

The difference between an observed value and the value predicted by a model.