A Recent Survey Based on a Random Sample of N

question 60

Essay

A recent survey based on a random sample of n = 500 voters, predicted that the Independent candidate for the mayoral election will get 24% of the vote, but he actually gets 28%. Can it be concluded that the survey was done incorrectly?

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Definitions:

Damages

Monetary compensation awarded by a court to a plaintiff for losses or injuries suffered as a result of another’s actions.

Contract

A contract is a legally binding agreement between two or more parties that outlines obligations and benefits for the parties involved.

Remedy

Legal means or measures available to a party to enforce a right or redress a harm.

Misrepresentation

The act of providing false or misleading information about a material fact, intentionally or negligently, causing someone to enter into a contract.