Table 22-7 -Refer to Table 22-7.The Table Shows the Most Preferred Budget

question 142

Multiple Choice

Table 22-7

-Refer to Table 22-7.The table shows the most preferred budget of 75 voters.In an election,each voter will select the budget closest to his or her most preferred budget.Which of the following statements regarding this information is true?

• A) In an election between a $33 budget and a $37 budget, the $33 budget will win.
• B) Since the median voter theorem implies that the budget of the median voter will win the election, we would expect the overall best budget to be $25, the median of the available budgets.
• C) In an election between a $10 budget and a $40 budget, the $40 budget will win.
• D) Both b and c

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Definitions:

Score

A numerical or categorical representation of a performance, achievement, or the outcome of an assessment.

Mean

The arithmetic average of a set of values, calculated by dividing the sum of the values by the number of values.

Variance

The average of the squared differences from the Mean, providing a measure of how spread out numbers are in a dataset.

Data

Factual information, especially numerical or categorical, used as a basis for reasoning, discussion, or calculation.