We Wish to Predict the Outcome of a Local Mayoral

question 179

Multiple Choice

We wish to predict the outcome of a local mayoral election,and poll 500 of the 4000 likely voters to see how many favor the incumbent.

• A)Yes,assuming the 500 people are unrelated.
• B)No.The probability of success is the same on every trial.
• C)No.The responses are independent.
• D)No.There are more than two possible outcomes.
• E)No.500 is more than 10% of 4000.

---

Definitions:

Past Cash Flows

Historical records of the movement of money into and out of a business, used for analyzing the company's financial health.

Security's Value

The market value or price at which a financial security is traded on the market, determined by factors such as a company's profitability, growth potential, and overall economic conditions.

Future Value

The value of an investment at a specified date in the future, considering interest or returns earned over time.

Present Values

A calculation that determines the present worth of a future sum of money or stream of cash flows, given a specified rate of return.