A survey of financial institute members was conducted to gather feedback on mark

Question

A survey of financial institute members was conducted to gather feedback on market sentiment, performance, and market integrity issues. Members were asked to indicate the most needed action to improve investor trust and market integrity, with the accompanying results. a. Construct a bar chart, a pie chart, and a Pareto chart. b. Which graphical method do you think is best for portraying these data? c. What conclusions can you reach concerning the most needed action to improve investor trust and market integrity? Most Needed Action % A. Improved regulations 40% B. Improved transparency 20% C. Improved corporate governance practices 15% D. Improved enforcement of existing laws 8% E. Improved auditing 17%

Choose the best answer below that indicates the reasonable graphical method(s) to protray these data

a. the bar chart if the purpose was to compare categories, or the pie chart if the purpose was to see proportions.

b. the pie chart becasue pie charts are superior at showing realtive frequency

c. the bar chart becasue the data set has many similair values that would be diffcult to see in a pie chart.

d. the pareto chart becasue the data set has one value that is signficantly gretaer than all others.

What conclusions can you reach concerning the most needed action to improve investor trust and market integrity?

a. although improved enforcement is important to all surveyed, 32% more members would prefer improved regualtion to improved enforcement.

b. the largest group would prefer improved regualtion, but the majproty have other priorities.

c. improved regualtion is important to only 40% of all members of the institute.

d. there is not enough information to reach a conculsion.

Explanation / Answer

1]

The best answer that indicates the reasonable graphical method(s) to protray these data:

a]

the bar chart if the purpose was to compare categories, or the pie chart if the purpose was to see proportions.

because we preferred bar chart for comparison of various categories and pie chart showing how many percentage or proportion of given data belongs to which categories.

The bar chart showing discrete data while comparing one data point versus another, while the pie chart is the classic way to show how various parts makes up a whole.

2]

conclusions can you reach concerning the most needed action to improve investor trust and market integrity.

b] the largest group would prefer improved regulation, but the majority have other priorities.

because we have given 40% Improved regulations and 60% others (Improved transparency 20%, Improved corporate governance practices 15%, Improved enforcement of existing laws 8%, and Improved auditing 17%).

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