Table 18-1 Suppose $1 Billion Is Available in the Budget and Congress

question 41

Multiple Choice

Table 18-1

Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives: 1) Subsidies for education, 2) Research on Alzheimer's or 3) Increased border security. Table 18-1 shows three voters' rankings of the alternatives.
-Refer to Table 18-1.Suppose a series of votes are taken in which each pair of alternatives is considered in turn.The first pair considered is between subsidies for education and research on Alzheimer's.The second pair considered is between Alzheimer's research and increased border security.The third pair considered is between education subsidies and increased border security.In this case, the collective preferences of the voters

• A)turn out to be transitive and will yield a consistent outcome.
• B)turn out to be transitive but will not result in a consistent outcome.
• C)turn out not to be transitive and will not result in a consistent outcome.
• D)turn out not to be transitive but will yield a consistent outcome.

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Definitions:

Random Sample

A random sample is a subset of individuals chosen from a larger set, or population, where each individual has an equal chance of being selected.

Confidence Interval

A cadre of numbers, derived from analyzing sample data, assumed likely to encase the value of a yet-to-be-discussed population attribute.

Random Sample

A selection taken from a group in which every individual has the same likelihood of being chosen.

True Proportion

The actual percentage of a population that exhibits a particular characteristic.