A Bloomberg Businessweek North American subscriber study collected data from a sample of 2861 subscribers. Fifty-nine percent of the respondents indicated an annual income of $75,000 or more, and 50% reported having an American Express credit card. a. What is the population of interest in this study? b. Is annual income a categorical or quantitative variable? c. Is ownership of an American Express card a categorical or quantitative variable? d. Does this study involve cross-sectional or time series data? e. Describe any statistical inferences Bloomberg Businessweek might make on the basis of the survey.

BuyFind

Essentials Of Statistics For Busin...

9th Edition
David R. Anderson + 4 others
Publisher: South-Western College Pub
ISBN: 9780357045435
BuyFind

Essentials Of Statistics For Busin...

9th Edition
David R. Anderson + 4 others
Publisher: South-Western College Pub
ISBN: 9780357045435

Solutions

Chapter 1, Problem 19SE
Textbook Problem

A Bloomberg Businessweek North American subscriber study collected data from a sample of 2861 subscribers. Fifty-nine percent of the respondents indicated an annual income of $75,000 or more, and 50% reported having an American Express credit card.

  1. a. What is the population of interest in this study?
  2. b. Is annual income a categorical or quantitative variable?
  3. c. Is ownership of an American Express card a categorical or quantitative variable?
  4. d. Does this study involve cross-sectional or time series data?
  5. e. Describe any statistical inferences Bloomberg Businessweek might make on the basis of the survey.

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Chapter 1 Solutions

Essentials Of Statistics For Business & Economics

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