A small company has four stockholders. One stockholder has 400 shares, a second stockholder has 300 shares,

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A small company has four stockholders. One stockholder has 400 shares, a second stockholder has 300 shares, a third stockholder has 200 shares, and the fourth stockholder has 100 shares. In a vote on a new advertising campaign, the first stockholder votes yes, and the other three stockholders vote no. Explain how the outcome of the vote can be expressed as a weighted mean. What is the outcome of the vote?
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Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

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