There Are 5 Seats Open on the Board of Directors

question 393

Multiple Choice

There are 5 seats open on the board of directors of Alpha, Inc. Jason wants to be positive that he can be elected to one of these positions. Alpha uses cumulative voting. There are 1,500 shares of Alpha stock outstanding. Twenty% of the shares are owned by Midge, 30% are owned by Peter, 10% are owned by Jeff, 25% are owned by Jason and the rest are owned by Edward. How many additional shares of stock must Jason buy to ensure that he wins a seat?

• A) 0
• B) 56
• C) 116
• D) 251
• E) 376

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Definitions:

Mean Width

An average measure of the width of a set of objects or figures, calculated by summing the widths and dividing by the number of objects.

Confidence Interval

A range of values derived from sample data that likely contains the true value of an unknown population parameter.

Sample Size

The number of observations or units included in a sample, which represents a portion of the population being studied.

Variable

A variable is an attribute that can take on various values among different individuals or across different times or places.