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The FinancialTimes /Harris Poll is a monthly online poll of adults from six countries in Europe and the United States. A January poll included 1015 adults in the United States. One of the questions asked was, “How would you rate the Federal Bank in handling the credit problems in the financial markets?” Possible responses were Excellent, Good, Fair, Bad, and Terrible (Harris Interactive website, January 2008). a. What was the sample size for this survey? b. Are the data categorical or quantitative? c. Would it make more sense to use averages or percentages as a summary of the data for this question? d. Of the respondents in the United States, 10% said the Federal Bank is doing a good job. How many individuals provided this response?

BuyFind

Statistics for Business & Economic...

12th Edition
David R. Anderson + 4 others
Publisher: South-Western College Pub
ISBN: 9781285846323
BuyFind

Statistics for Business & Economic...

12th Edition
David R. Anderson + 4 others
Publisher: South-Western College Pub
ISBN: 9781285846323

Solutions

Chapter
Section
Chapter 1, Problem 8SE
Textbook Problem

The FinancialTimes/Harris Poll is a monthly online poll of adults from six countries in Europe and the United States. A January poll included 1015 adults in the United States. One of the questions asked was, “How would you rate the Federal Bank in handling the credit problems in the financial markets?” Possible responses were Excellent, Good, Fair, Bad, and Terrible (Harris Interactive website, January 2008).

  1. a. What was the sample size for this survey?
  2. b. Are the data categorical or quantitative?
  3. c. Would it make more sense to use averages or percentages as a summary of the data for this question?
  4. d. Of the respondents in the United States, 10% said the Federal Bank is doing a good job. How many individuals provided this response?

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