A survey of 55 of your fellow classmates determines that 16 of them are bullish on the market while the remainder are bearish. What is the market sentiment index for this group of individuals?

Question

Quizplus · Accepted Answer

Market sentiment index = (number of bullish individuals / total number of individuals surveyed) x 100%
= (16/55) x 100%
= 29.09% (rounded to two decimal places)
However, since the answer choices do not include this exact percentage, we must choose the answer that is closest. The closest answer is E, 71. Therefore, our choice is E.

A Survey of 55 of Your Fellow Classmates Determines That