EBK EXCURSIONS IN MODERN MATHEMATICS
9th Edition
ISBN: 8220103632034
Author: Tannenbaum
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 70E
Bucklin voting. (This method was used in the early part of the 20th century to determine winners of many elections for political office in the United States.) The method proceeds in rounds. Round 1: Count first-place votes only. If a candidate has a majority of the first-place votes, that candidate wins. Otherwise, go to the next round. Round 2: Count first- and second-place votes only. If there are any candidates with a majority of votes, the candidate with the most votes wins. Otherwise, go to the next round. Round 3: Count first-, second-, and third-place votes only. If there are any candidates with a majority of votes, the candidate with the most votes wins. Otherwise, go to the next round. Repeat for as many rounds as necessary.
a. Find the winner of the Math Club election using the Bucklin method.
b. Give an example that illustrates why the Bucklin method violates the Condorcet criterion.
c. Explain why the Bucklin method satisfies the monotonicity criterion.
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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
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9191
4.65
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a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
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b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
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7
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× ☑
Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and
the amount each spent on advertising in billions of dollars are as follows.
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DATA file
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1.97
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Chapter 1 Solutions
EBK EXCURSIONS IN MODERN MATHEMATICS
Ch. 1 - Figure 1-8 shows the preference ballots for an...Ch. 1 - Figure 1-9 shows the preference ballots for an...Ch. 1 - An election is held to choose the Chair of the...Ch. 1 - The student body at Eureka High School is having...Ch. 1 - An election is held using the printed-names format...Ch. 1 - Prob. 6ECh. 1 - Prob. 7ECh. 1 - Table 1-30 shows a conventional preference...Ch. 1 - The Demublican Party is holding its annual...Ch. 1 - The Epicurean Society is holding its annual...
Ch. 1 - Table 1-31 shows the preference schedule for an...Ch. 1 - Table 1-32 shows the preference schedule for an...Ch. 1 - Table 1-33 shows the preference schedule for an...Ch. 1 - Table 1-34 shows the preference schedule for an...Ch. 1 - Table 1-35 shows the preference schedule for an...Ch. 1 - Table1-36 shows the preference schedule for an...Ch. 1 - Table 1-25 see Exercise 3 shows the preference...Ch. 1 - Table 1-26 see Exercise 4 shows the preference...Ch. 1 - Table 1-25 see Exercise 3 shows the preference...Ch. 1 - Table 1-26 see Exercise 4 shows the preference...Ch. 1 - Table 1-31see Exercise 11 shows the preference...Ch. 1 - Table 1-32 see Exercise 12 shows the preference...Ch. 1 - Table 1-33 see Exercise 13 shows the preference...Ch. 1 - Table 1-34 Number of voters 6 6 5 4 3 3 1st A B B...Ch. 1 - Table 1-35 Percent of voters 24 23 19 14 11 9 1st...Ch. 1 - Table 1-36 Percent of voters 25 21 15 12 10 9 8...Ch. 1 - The Heisman Award. Table 1-37 shows the results...Ch. 1 - The 2014 AL Cy Young Award. Table 1-38 shows the...Ch. 1 - An election was held using the conventional Borda...Ch. 1 - Imagine that in the voting for the American League...Ch. 1 - Table 1-31 see Exercise 11 shows the preference...Ch. 1 - Table 1-32 see Exercise 12 shows the preference...Ch. 1 - Table1-33 Number of voters 6 5 4 2 2 2 2 1st C A B...Ch. 1 - Table 1-34 See Exercise 14 shows the preference...Ch. 1 - Table1-39_ shows the preference schedule for an...Ch. 1 - Table1-40_ shows the preference schedule for an...Ch. 1 - Table 1-35 see Exercise 15 shows the preference...Ch. 1 - Table 1-36 see Exercise 16 shows the preference...Ch. 1 - Top-Two Instant-Runoff Voting. Exercises 39 and 40...Ch. 1 - Top-Two Instant-Runoff Voting. Exercises 39 and 40...Ch. 1 - Table 1-31 see Exercise 11 shows the preference...Ch. 1 - Table 1-32 See Exercise 12 shows the preference...Ch. 1 - Table 1-33 see Exercise 13 shows the preference...Ch. 1 - Table 1-34 see Exercise 14 shows the preference...Ch. 1 - Table 1-35 see Exercise 15 shows the preference...Ch. 1 - Table 1-36 see Exercise 16 shows the preference...Ch. 1 - Table 1-39 see Exercise 35 shows the preference...Ch. 1 - Table1-40 see Exercise36 shows the preference...Ch. 1 - An election with five candidates A, B. C, D, and E...Ch. 1 - An election with six candidates A, B, C, D, E, and...Ch. 1 - Use Table 1-41 to illustrate why the Borda count...Ch. 1 - Use Table 1-32 to illustrate why the...Ch. 1 - Use Table 1-42 to illustrate why the plurality...Ch. 1 - Use the Math Club election Example 1.10 to...Ch. 1 - Use Table 1-43 to illustrate why the...Ch. 1 - Explain why the method of pair wise comparisons...Ch. 1 - Prob. 57ECh. 1 - Explain why the plurality method satisfies the...Ch. 1 - Explain why the Borda count method satisfies the...Ch. 1 - Explain why the method of pairwise comparisons...Ch. 1 - Two-candidate elections. Explain why when there...Ch. 1 - Alternative version of the Borda count. The...Ch. 1 - Reverse Borda count. Another commonly used...Ch. 1 - The average ranking. The average ranking of a...Ch. 1 - The 2006 Associated Press college football poll....Ch. 1 - The Pareto criterion. The following fairness...Ch. 1 - The 2003-2004 NBA Rookie of the Year vote. Each...Ch. 1 - Top-two IRV is a variation of the...Ch. 1 - The Coombs method. This method is just like the...Ch. 1 - Bucklin voting. This method was used in the early...Ch. 1 - The 2016 NBA MVP vote. The National Basketball...Ch. 1 - The Condorcet loser criterion. If there is a...Ch. 1 - Consider the following fairness criterion: If a...Ch. 1 - Suppose that the following was proposed as a...Ch. 1 - Consider a modified Borda count where a...
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