Examlex
The mean age of all college graduates is 35. If the population distribution is normal, the mean of any sampling distribution of sample mean ages of college graduates will be________.
Maximize Utility
The economic theory or objective of achieving the highest level of satisfaction possible with available resources.
Borda Count
A voting method in which voters rank candidates or options, and points are assigned based on the position in which each option is ranked, used to determine a consensus winner.
Independence of Irrelevant Alternatives
A principle in decision theory stating that the preference between two options should not change because of the introduction of new alternatives.
Median Voter
A theoretical concept that suggests the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.
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