Table 22-17 -Refer to Table 22-17. the Table Shows the Preferences of the Preferences

question 416

Multiple Choice

Table 22-17
-Refer to Table 22-17. The table shows the preferences of three types of voters over three possible outcomes: A, B, and C. In addition, the table shows the percentage of voters of each type. Based on this information, which of the following statements is true?

• A)As the Condorcet Paradox predicts, majority rule fails to produce transitive preferences for society.
• B)As Arrow's Impossibility Theorem demonstrates, it is impossible from this information to determine which outcome the voters prefer.
• C)The median voter theorem allows us to conclude that in a vote between B and C, B will win since the Type 2 voter is the median voter.
• D)While the Condorcet Paradox predicts that majority rule may not produce transitive preferences for society as a whole, society's preferences in this case are transitive.

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Definitions:

T Statistic

A value used in statistical analysis that helps determine if there is a significant difference between the means of two groups.

One-tailed

A statistical test hypothesis that specifies the direction of the expected difference or relationship.

Two-tailed

A type of statistical test that considers both ends of the distribution for checking the significance of the test hypothesis.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, proposing that there is a significant difference or relationship.