A political candidate, Bill McWaffle, is personally indifferent on the issue of the legalization of gambling in
Question:
A political candidate, Bill McWaffle, is personally indifferent on the issue of the legalization of gambling in his state and to this point has not taken a public stand. The election is fast approaching, and he has decided that he will adopt a public stand if at least 65 percent of his constituents feel one way on the issue. Unless there is at least a 65/35 percent split in opinion, he will not take a public stand for fear of alienating a large segment of voters. A random sample of 200 voters shows that 68 favor legalization and 132 oppose. If he wants to be 99 percent certain that at least 65 percent of his constituents feel one way about the issue before he takes a public position, what should he do?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (8 reviews)
The sample proportions are 34 percent in favor 68200 and 66 percent opp...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities