Suppose That There Are Two Candidates for the President of Your

question 18

Multiple Choice

Suppose that there are two candidates for the president of your school's student government,Candidate A and Candidate B.We believe that Candidate A has about a 52% of the votes of the student body.However,you're worried that only 1000 students will show up to vote.How often will Candidate A lose in this situation? To find out,you set up a simulation.Describe how you will simulate a component and its outcomes.

• A)The component is one voter voting.An outcome is a vote for Candidate A.Use three random digits,giving 000-599 a vote for Candidate A and 600-999 as no vote
• B)The component is one hundred voters voting.An outcome is a vote for Candidate A.Use one random digit,giving 0-5 as vote for Candidate A and 6-9 as no vote.
• C)The component is one voter voting.An outcome is a vote for the candidate or not.Use three random digits,giving 000-519 as a vote for Candidate A and 520-999 as a vote for Candidate B.
• D)The component is ten voters voting.An outcome is a vote yes or no for the referendum.Use two random digits,giving 00-51 as a vote for Candidate A and 52-99 as a vote for Candidate B.
• E)The component is one voter voting.An outcome is a vote for the candidate or not.Use three random digits,giving 000-520 as a vote for Candidate A and 521-999 as a vote for Candidate B.

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Definitions:

Net Sales

Revenue from sales reduced by customer discounts, returns, and allowances.

Held-to-Maturity Debt Securities

Financial instruments that a firm intends and is able to hold until they mature, usually recorded at cost adjusted for amortization.

Equity Securities

Financial instruments that represent ownership interest in a company, such as stocks, granting holders a claim on part of the company's assets and earnings.

Insignificant Influence

Refers to a situation where an investor cannot exert significant control or influence over the investee company.