An Exit Poll Is Conducted to Estimate the Proportion of Voters

question 22

Multiple Choice

An exit poll is conducted to estimate the proportion of voters who chose candidate A over candidate B.Out of 40 people surveyed, 12 indicated that they had voted for candidate A.What is a 95% confidence interval for the proportion of voters who chose candidate A?

• A) (0.158, 0.442)
• B) (0.181, 0.419)
• C) (0.132, 0.469)
• D) (0.154, 0.446)

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Definitions:

Plant Size

The scale or capacity of a factory or production facility, which can affect production efficiency, costs, and the ability to meet demand.

Short Run

A period in economics during which the quantities of at least one input, such as plant size, cannot be changed.

Variable

An element, feature, or factor that is liable to vary or change.

Marginal Product

This measures the additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.