A U.S. government report stated that, "With bank interest rates around 1.0%, 8% of wage earners believe it worthwhile to keep money in a savings account. However, at 3.0% interest, 36% 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 from 1% to 3% will increase the number of persons saving money in a savings account.
B) increasing the interest rate may well have no effect on the number of persons saving money in a savings account.
C) increasing the interest rate will increase the number of persons saving money in a savings account.
D) the interest rate difference between 1% and 3% may well have no effect on the number of persons saving money in a savings account.
Correct Answer:
Verified
Q32: Is the study observational or experimental
-A clinic
Q33: Determine whether the statement is based on
Q34: In a survey of 80 high school
Q35: Determine which evaluation guideline applies best in
Q36: Is the study observational or experimental
-A quality
Q38: Select the sample most representative of the
Q39: Identify the type of sampling used
-A researcher
Q40: Select the sample most representative of the
Q41: Based on a poll, a newspaper reported
Q42: Select the sample most representative of the
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