A Recent Study Suggested That 70% of All Eligible Voters

question 95

Multiple Choice

A recent study suggested that 70% of all eligible voters will vote in the next presidential election. Suppose 20 eligible voters were randomly selected from the population of all eligible voters. Use a binomial probability table to find the probability that more than 10 but fewer than 16 of the 20 eligible voters sampled will vote in the next presidential election.

• A) 0.780
• B) 0.714
• C) 0.845
• D) 0.649

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Definitions:

Highly Concentrated Wealth

A situation where a significant portion of wealth is held by a very small percentage of the population, leading to economic disparities.

Multinational Corporations (MNCs)

Companies that operate in multiple countries, managing production or delivering services in more than one country.

Overseas Jobs

Employment positions located outside one’s home country, often in a different cultural or economic environment, presenting opportunities for work and travel.

Tax Avoidance

The legal usage of the tax regime to one's own advantage, to reduce the amount of tax that is payable.