Answer the Following Questions Using the Preference Table $\quad$ $\quad$

question 31

Short Answer

Answer the following Questions using the preference table. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of voters }$
$\begin{array} { l c c c c } & 6 & 3 & 4 & 2 \\\text { First choice } & \text { A } & \text { C } & \text { C } & \text { B } \\\text { Second choice } & \text { B } & \text { B } & \text { D } & \text { A } \\\text { Third choice } & \text { C } & \text { D } & \text { A } & \text { C } \\\text { Fourth choice } & \text { D } & \text { A } & \text { B } & \text { D }\end{array}$
-Which candidate will be chosen if sequential pairwise voting with agenda B, C, D, A is used?

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Definitions:

Security Characteristic Line

A graph that shows the relationship between the returns of a security versus the returns of the market, used in the analysis of a security's risk and return.

Benchmark Error

Use of an inappropriate proxy for the true market portfolio.

Capital Market Line

In the capital asset pricing model, a line that describes the risk-return trade-off for efficient portfolios, showing that higher risk leads to higher expected return.