In a Random Sample of 400 Registered Voters, 120 Indicated

question 74

Short Answer

In a random sample of 400 registered voters, 120 indicated they plan to vote for Candidate A. Determine a 95% confidence interval for the proportion of all the registered voters who will vote for Candidate A.

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Definitions:

Economically Inefficient Outcomes

Occurs when resources are not utilized or allocated optimally, leading to waste or a loss in potential value.

Paired-Choice Vote

A voting system where voters choose between pairs of candidates in a series of rounds, narrowing down the options to a winner.

Ranked Preferences

A method of ordering options or choices based on their desirability or importance to an individual or group.

Public Good

An item that cannot be withheld from people and does not diminish in availability due to individual consumption, thereby accessible to all without limiting others.