(See Problem 2

question 19

Multiple Choice

(See Problem 2.) A small community has 40 people, each of whom has a wealth of $5,000. Each individual must choose whether to contribute $200 or $0 to the support of public entertainment for their community. The money value of the benefit that a person gets from this public entertainment is b times the total amount of money contributed by individuals in the community.

• A) If 40b > 1, everybody is better off if all contribute to the public entertainment fund than if nobody contributes, but if 40b < 1, everybody is better off if nobody contributes than if all contribute.
• B) Everybody is worse off if all contribute than if nobody contributes if b > 1, but if b < 1, everybody is better off if nobody contributes.
• C) If 40b > 1, there is a dominant strategy equilibrium in which everybody contributes.
• D) This game has a dominant strategy equilibrium in which nobody contributes anything for public entertainment.
• E) In order for there to be a dominant strategy equilibrium in which all contribute, it must be that b > 40.

Differentiate among for, while, and do...while loops based on their syntax and usage.

Identify syntax errors and logical errors in loop constructs.

Understand the concept of counter-controlled, sentinel-controlled, and flag-controlled loops.

Calculate simple numerical results based on loop execution.

---

Definitions:

Set Of Data

A collection of values or observations that can be analyzed statistically.

Mode

The most common number found in a given set of data, marked by the greatest peak on a frequency distribution chart.

Frequency Distribution

A summary of how often various values occur in a data set, often represented in a table or graph.

Mode

The value that occurs most frequently in a given set of data, used as a measure of central tendency.