Table 22-13 the Fortunate Residents of Anytown Have a Budget Surplus. the Surplus

question 7

Multiple Choice

Table 22-13
The fortunate residents of Anytown have a budget surplus. The mayor decided that it is only fair to have the residents vote on what to do with the surplus. The mayor has narrowed the options down to three possible projects: a playground, a library, or a swimming pool. The voters fall into three categories and have preferences as illustrated in the table.

-Refer to Table 22-13.Which of the following statements is correct regarding the results of pairwise voting in Anytown?

• A) The results of pairwise voting depend on the order of the pairs but satisfy the transitivity property.
• B) The results of pairwise voting do not depend on the order of the pairs and satisfy the transitivity property.
• C) The results of pairwise voting depend on the order of the pairs and do not satisfy the transitivity property.
• D) The results of pairwise voting do not depend on the order of the pairs and do not satisfy the transitivity property.

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Definitions:

Relevant Range

The range of activity within which assumptions about variable and fixed cost behaviors are valid.

Car Washing Labour Cost

The expense associated with the human effort required in the process of cleaning cars.

Coefficient Of Determination

A statistical measure, represented as a number between 0 and 1, that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Regression Model

A statistical technique used to understand the relationship between independent variables and a dependent variable, helping in prediction and forecasting.