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StatisticsStatistics for Business & Economics, Revised (MindTap Course List)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*arrow_forward*

12th Edition

David R. Anderson + 4 others

Publisher: South-Western College Pub

ISBN: 9781285846323

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.

- 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.

Statistics for Business & Economics, Revised (MindTap Course List)

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