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A Politician Facing Reelection Can Win Votes According to the Following

question 65

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A politician facing reelection can win votes according to the following process: V = 500S0.20M0.60, where S is hours of making campaign speeches and M is the number of flyers mailed.Making speeches costs $10 per hour, mailing flyers costs $.50 per flyer, and $8,000 are available to spend on the campaign.Assuming the politician wants to maximize votes, how should the budget be allocated between speeches and mailing flyers?


Definitions:

Daily Temperatures

Data points representing the temperature measurements taken each day over a given period.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true.

Sample Variance

The measure of dispersion within a sample data set, indicating how much the sample points deviate from the sample mean.

Confidence Interval

A series of values, calculated from sample measurements, speculated to hold within it the unknown parameter of a population.

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