Upcoming presidential election

Assignment Help Business Management
Reference no: EM131527115

Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said that they are voting for candidate Jones. Sara is therefore convinced that candidate Jones will win the election because Jones gets more than 50% of votes.

Answer the following questions in the space provided below:

  1. Based on what you now know about statistical inference, is Sara's conclusion a logical conclusion? Why or why not?
  2. How many friend samples Sara should have in order to draw the conclusion with 95% confidence interval? Why?
  3. How would you explain your conclusion to Sara without using any statistical jargon? Why?

Reference no: EM131527115

Questions Cloud

Learn about their goals and procedures : The federal Food and Drug Administration has been criticized for taking inordinately long time frames to approve new pharmaceutical products.
Measurement of both systematic and unsystematic risk : Standard deviation is a measurement of both systematic and unsystematic risk. Modern portfolio theory makes the assumption that investors are risk-neutral.
What is cambridge polish notation : Explain the difference between prefix,infix, andpostfixnotation. What is Cambridge Polish notation? Name two programming languages that use postfix notation.
Calculate required return and expected return for this stock : Calculate the required return and expected return for this stock.
Upcoming presidential election : Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election.
Joint commission revealed some patient safety : Your staffing budget will remain fixed next year, and your recent visit by The Joint Commission revealed some patient safety goal challenges.
Cash than you would possibly need for any liquidity problems : Assume that you have substantially more cash than you would possibly need for any liquidity problems.
Describe how soft handoff works in cdma : Describe how soft handoff works in CDMA, why it is possible in 2G CDMA, and what are its advantages and disadvantages.
What is the expected return for this two stock portfolio : There is a 36.59% probability of an average economy and a 63.41% probability of above average economy. What is the expected return for this two stock portfolio?

Reviews

Write a Review

Business Management Questions & Answers

  Strong leader to be a successful manager

Some managers are very good at managing and are also good at leading. Are all managers good leaders?

  Leading in military or civilian life

Whether leading in military or civilian life (bottom, at Frito-Lay), Johnson says, "If you do your job well, you can change people's lives for the better."

  Criteria for your ideas of a best practice

What are some important aspects of best practices and what is the criteria for your ideas of a best practice? (2 paragraphs)

  Grooming shop called dazzling doggies day spa

Adam and Laura wish to open a pet grooming shop called Dazzling Doggies Day Spa. Laura's mother Beth would like to contribute the startup costs.

  What is logistics and what does someone in logistics do

What is logistics and what does someone in logistics do? Is Electronic Data transfer critical to Logistics in today's business environment?

  Discuss the issues and risks associated with processing

Discuss the issues and risks associated with processing financial transactions and records on the Internet, and explain how you plan to address them.

  Determine the value of stocks- preferred and common

Determine the value of stocks: preferred and common. Estimate the value of stock with high growth and then estimate the value of stock with constant growth. Determine the components of stock valuation models

  Examine influence that technology had in creating strategic

Examine the influence that technology has had in creating a strategic partnership between HR and the organization. Share one example to support your answer.

  Noticeable competitive advantage

Select an organization that once had a noticeable competitive advantage and lost it to a competitor, new industry, or new product. Analyze and think about the competitive advantage and answer the following questions:

  What method of job analysis most applicable for jobs

What method of job analysis do you think would be most applicable for jobs in a large grocery store? For jobs in a public library?

  Implementing an early retirement incentive program

How would Alderfer's theory, be useful in implementing an early retirement incentive program. In a private elementary school.

  Duty that managers owe to the corporation

What is a duty that managers owe to the corporation? Discuss an example of a positive method that the manager may uphold that duty.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd