In the figure below, we see that traditional one-person-one-vote (1plv) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.) Your Graph Score: 100% Voting Outcomes 600

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.