Investment Decision The Gallup Organization conducted a survey of 1018 adults, aged 18 and older, living in the United States and asked, “If you had a thousand dollars to spend, do you think investing it in the stock market would be a good or bad idea?” Of the 1018 adults, 46% said it would be a bad idea. The Gallup Organization reported that 46% of all adults, aged 18 and older, living in the United States thought it was a bad idea to invest $1000 in the stock market with a 4% margin of error with 95% confidence. a. What is the research objective? b. What is the population? c. What is the sample? d. List the descriptive statistics . e. What can be inferred from this survey?
Investment Decision The Gallup Organization conducted a survey of 1018 adults, aged 18 and older, living in the United States and asked, “If you had a thousand dollars to spend, do you think investing it in the stock market would be a good or bad idea?” Of the 1018 adults, 46% said it would be a bad idea. The Gallup Organization reported that 46% of all adults, aged 18 and older, living in the United States thought it was a bad idea to invest $1000 in the stock market with a 4% margin of error with 95% confidence. a. What is the research objective? b. What is the population? c. What is the sample? d. List the descriptive statistics . e. What can be inferred from this survey?
Investment Decision The Gallup Organization conducted a survey of 1018 adults, aged 18 and older, living in the United States and asked, “If you had a thousand dollars to spend, do you think investing it in the stock market would be a good or bad idea?” Of the 1018 adults, 46% said it would be a bad idea. The Gallup Organization reported that 46% of all adults, aged 18 and older, living in the United States thought it was a bad idea to invest $1000 in the stock market with a 4% margin of error with 95% confidence.
a. What is the research objective?
b. What is the population?
c. What is the sample?
d. List the descriptive statistics.
e. What can be inferred from this survey?
Statistics that help describe, summarize, and present information extracted from data. Descriptive statistics include concepts related to measures of central tendency, measures of variability, measures of frequency, shape of distribution, and some data visualization techniques/tools such as pivot tables, charts, and graphs.
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