A report on Americans' opinions about long-term investments included data from a poll of 1,010 adults. The responses to the question "What do you think is the best long-term investment?" are summarized in the given relative frequency distribution.ResponseReal EstateStocks & Mutual FundsGoldSavingsBondsOtherRelative Frequency0.300.250.200.150.10RelativeFrequency0.050.000.320.210.19(a) Use this information to construct a bar chart for the response data.CHOICE A0.170.080.03FundsBest Long-Term InvestmentCHOICE B(b) Write a few sentences on how people responded to the question posed.0.200.150.15ko. Lul M. ha.0.100.100.050.05Real Stocks & Gold Savings Boads OtherReal Stocks & Gold Savings Boads OtherReal Stocks & Gold Savings Bonds OtherReal Stocks & Gold Savings Boads OtherEstate MutualEstate MutualEstate MutualEstate MutualFundsFundsBest Long-Term InvestmentBest Long-Term InvestmentO0.300.250.00ⒸCHOICE C% of respondents answered that the best long-term investments were real estate and stocks and mutual funds, and the remaining0.300.250.200.150.100.050.00CHOICE DⓇ0.300.250.200.00FundsBest Long-Term Investment% of respondents believed that gold, savings, bonds, and other were the best long-term investment.Ⓡ

The question is about graphical representation of data Given : To find : a ) Construct bar chart…

A report on Americans' opinions about long-term investments included data from a poll of 1,010 adults. The responses to the question "What do you think is the best long-term investment?" are summarized in the given relative frequency distribution. Relative Frequency 0.32 Response Real Estate Stocks & Mutual Funds Gold Savings Bonds Other O 0.21 0.30 0.25 0.20 0.15 0.10 0.05 0.004 0.19 0.17 0.08 (a) Use this information to construct a bar chart for the response data. CHOICE A 0.03 LIL Real Stocks & God Savings Bogds Other Estate Mutual Funds Best Long-Term Investment ( (b) Write a few sentences on how people responded to the question posed. CHOICE B 0.30 0.25 0.20 0.15 0.10 0.05 0.004 Real Stocks & Gd Savings Bonds Other Estate Mutual Funds Best Long-Term Investment % of respondents answered that the best long-term investments were real estate and stocks and mutual funds, and the remaining CHOICE C O 0.30 0.25 0.20 0.15 0.10 0.05 0.00 Real Stocks & God Savings Bonds Other Estate Mutual Funds Best Long-Term Investment O CHOICE D 1. Real Stocks & God Savings Bogds Other Estate Mutual Funds Best Long-Term Investment O 0.30 0.25 0.20 0.15 0.10 0.05 0.00 % of respondents believed that gold, savings, bonds, and other were the best long-term investment. Ⓡ

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section: Chapter Questions

Problem 8SGR