Problem 2. Counting Votes (#Distributions) In a small voting district, Poisson(A) people arrive to vote during a referendum. Each voter votes for the proposal with probability p and against the proposal with probability (1 - p). Assume everyone casts their vote independently. 1. If D is the difference between the number of votes for the proposal and the number of votes against the proposal, determine E(D) and Var(D). 2. Implement a simulation to check your answers.
Problem 2. Counting Votes (#Distributions) In a small voting district, Poisson(A) people arrive to vote during a referendum. Each voter votes for the proposal with probability p and against the proposal with probability (1 - p). Assume everyone casts their vote independently. 1. If D is the difference between the number of votes for the proposal and the number of votes against the proposal, determine E(D) and Var(D). 2. Implement a simulation to check your answers.
Chapter1: Financial Statements And Business Decisions
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