We have often observed the success of television networks in forecasting elections. This is a good example

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We have often observed the success of television networks in forecasting elections. This is a good example of the successful use of probability methods in applied problems.

Consider how elections can be predicted by using relatively small samples in a simplified example. An election forecaster has obtained a random sample of 900 voters, in which 500 indicate that they will vote for Susan Chung. Should Susan anticipate winning the election?

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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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