Essay Question Instructions: Make sure you show all work on…
Essay Question Instructions: Make sure you show all work on the five essay questions on scratch paper. Upload a PDF of your written work to the Canvas Upload module immediately after you finish the test. Most of the points are awarded based on your written work, not the final answer that you submit to each question. Essay Question 3: Four friends are starting a business with the goal to provide food and beverages to individuals down on their luck. To help with startup costs for the business, each of them contributed some money to the project. Schmidt contributed $190,000. Winston contributed $100,000. Jess contributed $50,000. Nick contributed $40,000. To make decisions as a group, they instituted a weighted voting system where they each get one vote for each $10,000 contributed. (A) Describe this situation with weighted voting system notation using a simple majority quota. (B) Write out all the winning coalitions. Underline the critical player(s). (C) Find the critical counts for each player. (D) Calculate the Banzhaf power distribution of this weighted voting system. (E) Is Nick a dummy?