Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

When an election for political office takes place, the television networks cancel regular programming and instead, provide election coverage. When the ballots are counted, the results are reported. However, for important offices such as president or senator in large states, the networks actively compete to see which will be the first to predict a winner. This is done through exit polls, wherein a random sample of voters who exit the polling booth is asked for whom they voted. From the data, the sample proportion of voters supporting the candidates is computed. Hypothesis testing is applied to determine whether there is enough evidence to infer the leading candidate will garner enough votes to win.

Suppose in the exit poll from the state of Florida during the 2000 year elections, the pollsters recorded only the votes of the two candidates who had any chance of winning: Democrat Al Gore and Republican George W. Bush. In a sample of 765 voters, the number of votes cast for Al Gore was 358 and the number of votes cast for George W. Bush was 407. The network predicts the candidate as a winner if he wins more than 50% of the votes. The polls close at 8:00 P.M. Based on the sample results, conduct a one-sample hypothesis test to determine if the networks should announce at 8:01 P.M. the Republican candidate George W. Bush will win the state. Use 0.10 as the significance level (α).

Case 1: Election Results 

  • Use 0.10 as the significance level (α).
  • Conduct a one-sample hypothesis test to determine if the networks should announce at 8:01 P.M. the Republican candidate George W. Bush will win the state

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92274259
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

How is it that a persons mental map impacts the ability of

How is it that a persons "mental map" impacts the ability of a leader to align the organization with the vision of the organization.

What is the different between product attributes production

What is the different between product attributes, production capabilities, marketing capabilities and cash requirements that are needed to appeal to a) early buyers and b) the mass market.

Why do some organizations promote from within whereas

Why do some organizations promote from within, whereas others rely on outside hiring? What are the benefits and pitfalls of each approach?

Do you all believe that a good analogy could be made by

Do you all believe that a good analogy could be made by using i.e. Maslow's criterion (possibly learned in earlier business classes); namely that need can give a person positive feelings? Do you all envision that early e ...

What is greeces global health issues and how can they be

What is Greece's global health issues and how can they be combated?

When applying industry analysis and organizational

When applying industry analysis and organizational structure determine when past industry performance is a good indicator of future profitability and when is it not a good indicator? and why, please explain the logic so ...

Management and consulting1 what is flawless consulting2

Management and consulting 1. What is 'flawless consulting'? 2. Describe the problem analysis approach? 3a. What is positive defiance? 3b. Explain one positive implication of positive defiance? 4. Look at BDO Internationa ...

Broad environmentdiscuss the effects of the impact of the

Broad Environment. Discuss the effects of the impact of the Millennial generation on Strengths or Opportunities for Businesses. In addition to your discussion, provide an example to illustrate your point.

Certiv in businesswhat are your project deliverables

CertIV in business What are your project deliverables (outcomes)? explain them. What documents should be forwarded to stakeholders? list 3 examples & related stakeholders

What are the personal and situational characteristics that

What are the personal and situational characteristics that determine self-control?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As