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assume that Councillor 3 has to take a family member to the emergency room and has a very poor experience with the level of medical care provided at the local hospital. This leads her to view improving medical care as a higher priority than improving education in the municipality, if money is to be spent improving any programs. Councillors 1 and 2 do not change their preference orderings. Thus, the councillors now have the following preference orderings over the spending choices:
Councillor 1: Education Medical Tax cut
Councillor 2: Medical Tax cut Education
Councillor 3: Tax cut Medical Education
Assume that the councillors hold a round-robin tournament that pits each alternative against every other alternative in a series of pair-wise votes. The winner is the alternative that wins the most contests. Based on this information, answer the following four questions.
-Given the preference orderings listed above, what would the result be of a pair-wise contest between the spending choices education and medical?
Standard Error
A metric that quantifies the spread of sample averages around the mean of the entire population.
Confidence Level
A measure expressed as a percentage that indicates the probability that a confidence interval contains the true parameter value.
Population Mean
The mean of every value in a given population.
Population Variance
The average of the squared differences from the Mean, describing the variation of the entire population.
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