Explanation Given: The given table is: State Population(2012) Electoral Votes (2012-2020) Alaska 731,000 3 Illinois 12,875,000 20 New York 19,570,000 29 Rhode Island 1,050,000 4 Calculation: In Alaska, where 731,000 people had 3 electoral votes, the number of people represented by each electoral vote was 731,000 people 3 votes ≈ 243,666 people per electoral vote In Rhode Island, where 1,050,000 people had 4 electoral votes, the number of people represented by each electoral vote was 1,050,000 people 4

15th Edition

ISBN: 9781269927116

Author: Bennett

Publisher: PEARSON

See similar textbooks

Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

Videos

Question

Chapter 12.B, Problem 41E

To determine

Rank the four states in order of voting power per person, from most voting power to least voting power.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 12.B, Problem 40E

Chapter 12.B, Problem 42E

Students have asked these similar questions

6 (Model Selection, Estimation and Prediction of GARCH) Consider the daily returns rt of General Electric Company stock (ticker: "GE") from "2021-01-01" to "2024-03-31", comprising a total of 813 daily returns. Using the "fGarch" package of R, outputs of fitting three GARCH models to the returns are given at the end of this question. Model 1 ARCH (1) with standard normal innovations; Model 2 Model 3 GARCH (1, 1) with Student-t innovations; GARCH (2, 2) with Student-t innovations; Based on the outputs, answer the following questions. (a) What can be inferred from the Standardized Residual Tests conducted on Model 1? (b) Which model do you recommend for prediction between Model 2 and Model 3? Why? (c) Write down the fitted model for the model that you recommended in Part (b). (d) Using the model recommended in Part (b), predict the conditional volatility in the next trading day, specifically trading day 814.

4 (MLE of ARCH) Suppose rt follows ARCH(2) with E(rt) = 0, rt = ut, ut = στει, σε where {+} is a sequence of independent and identically distributed (iid) standard normal random variables. With observations r₁,...,, write down the log-likelihood function for the model esti- mation.

5 (Moments of GARCH) For the GARCH(2,2) model rt = 0.2+0.25u1+0.05u-2 +0.30% / -1 +0.20% -2, find cov(rt). 0.0035 ut, ut = στει,στ =

Chapter 12 Solutions

USING+UNDERSTAND MATH W/MATHLABPLUS >I

Ch. 12.A - Prob. 1QQ Ch. 12.A - Prob. 2QQ Ch. 12.A - Prob. 3QQ Ch. 12.A - Prob. 4QQ Ch. 12.A - Prob. 5QQ Ch. 12.A - Prob. 6QQ Ch. 12.A - Prob. 7QQ Ch. 12.A - Prob. 8QQ Ch. 12.A - 9. Study Table 12.5. Which candidate received the...Ch. 12.A - 10. What is the primary lesson of the preference...

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.