In a Survey, 80% of the Voters Support a Particular

question 58

Short Answer

In a survey, 80% of the voters support a particular referendum. If 40 voters are chosen at random, and X
is the number of voters that support this referendum, find the mean and variance of X.

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Definitions:

High Leverage

A situation where a company or individual has a significant level of debt compared to equity, potentially increasing financial risk but also possible returns.

Political Costs

Expenses and impacts a company incurs as a result of political decision-making, regulations, or actions that affect its operations and profitability.

Child Labour

The employment of children under an age determined by law or custom, often in conditions that are illegal or considered exploitative.