Provide an appropriate response.
-A U.S. government report stated that "With bank interest rates at 3.0%, 21% of wage earners believe it
Worthwhile to keep money in a savings account. However, at 5.0% interest, 27% of wage earners believe it
Worthwhile to keep money in a savings account. The margin of error for both studies is 4 percentage points." A
Proper conclusion from the studies is that
A) increasing the interest rate will increase the number of persons saving money in a savings account.
B) the interest rate difference between 3% and 5% may well have no effect on the number of persons saving money in a savings account.
C) increasing the interest rate may well have no effect on the number of persons saving money in a savings account.
D) increasing the interest rate by 2 percentage points will increase the number of persons saving money in a savings account.
Correct Answer:
Verified
Q27: Provide an appropriate response.
-Based on a recent
Q28: Answer the question.
-Following the Republican National Convention,
Q29: Answer the question.
-Following the Republican National Convention,
Q30: Answer the question.
-If 68% of the persons
Q31: Answer the question.
-In a recent published poll
Q33: Provide an appropriate response.
-A poll of 700
Q34: Answer the question.
-Based on a poll, a
Q35: Answer the question.
-Following the Republican National Convention,
Q36: Answer the question.
-Of 54 college students interviewed,
Q37: Provide an appropriate response.
-A poll of 700
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