When Literary Digest Incorrectly Predicted the Results of the 1936

question 79

Multiple Choice

When Literary Digest incorrectly predicted the results of the 1936 election after polling only its own readers, its failure was because

• A)its readers were asked to guess as to the outcome, rather than offering up their own opinions.
• B)it had not obtained a random sample of the population.
• C)its readers were generally wealthy, and not reflective of the population at large.
• D)its readers were asked to guess as to the outcome, rather than offering up their own opinions, and it had not obtained a random sample of the population.
• E)it had not obtained a random sample of the population, and its readers were generally wealthy, and not reflective of the population at large.

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Definitions:

Strip Bond

A bond where both the principal and regular interest payments have been separated and are sold individually.

Yield Rate

The rate of return on an investment over a specified period, expressed as a percentage, considering both interest and dividends.

Compounded Semi-annually

When interest is compounded semi-annually, it is calculated and added to the principal amount twice a year.

Whale Population

The total number of whales in a particular species or geographical area, often monitored for conservation purposes.