Given the Weighted Voting System [6: 4, 3, 2, 1]

question 46

Multiple Choice

Given the weighted voting system [6: 4, 3, 2, 1], calculate the Banzhaf power index.

• A) (11, 6, 2, 2)
• B) (5, 4, 4, 1)
• C) (10, 6, 2, 2)
• D) (10, 6, 6, 2)

Apply probability principles to evaluate outcomes of random trials.

Analyze real-world data to make statistical inferences.

Understand the concept of hypothesis testing, including the formulation of null and alternative hypotheses.

Grasp the significance and interpretation of P-values in hypothesis testing.

---

Definitions:

Total Production

The total output of goods or services produced by an individual firm or an entire industry over a specific period.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as production of a good or service) more efficiently than another activity.

Opportunity Cost

The loss experienced from bypassing the following superior alternative in the course of decision-making.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.