Hollerith's Machine Was Used to Process the 1890 U

question 47

Multiple Choice

Hollerith's machine was used to process the 1890 U.S.Census data and was able to complete the task in ____,instead of the decade it usually took to process the data by hand.

• A)two and a half years
• B)three and a half years
• C)four and a half years
• D)five and a half years

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Definitions:

Prefers

Indicates a choice or inclination for one option over others based on certain criteria or personal judgment.

Transitivity

In decision theory and economics, the concept that if option A is preferred to B, and B is preferred to C, then A should be preferred to C.

Kenneth Arrow

An influential economist known for his groundbreaking theories in risk, welfare economics, and his contribution to the general equilibrium theory.

Condorcet Paradox

The Condorcet Paradox describes a situation in voting theory where collective preferences can be cyclical, even if individual preferences are not, leading to a lack of clear majority preference.