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Scenario 22-1
At issue in a particular city vote is how much to spend, per person, on road repair next year. Among the 10,000 voters, 1,500 prefer to spend $300 per person, but no more; 2,800 prefer to spend $450 per person, but no more; 3,500 prefer to spend $800 per person, but no more; and 2,200 prefer to spend $1500 per person, but no more.
-Refer to Scenario 22-1.If there is a vote on whether to spend $600 per person or $800 per person,the median voter will vote to spend
Moneyball
refers to the strategy of using advanced statistical analysis and empirical data to make decisions, especially in the context of sports team management.
Big Data
Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
Analytics
Finding meaningful patterns in large datasets.
Important Decision
A significant choice that has substantial consequences on an individual's life or an organization's direction.
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