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

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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