The FinancialTimes/Harris Poll is a monthly online poll of adults from six count

Question

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?

Explanation / Answer

a) The sample size of the survey is 1015 as clearly 1015 adults in the United States were included in the survey

b) The data collected is categorical clearly as the categories for the data are given as: Excellent, Good, Fair, Bad, and Terrible ( there are 5 categories and we can clearly see they are not numerical )

c) As this is a categorical data, we cannot compute the average for this and it therefore makes more sense to compute percentages as a summary for this data ( using the relative frequencies for all the 5 categories )

d) We are given that 10% said the Federal Bank is doing a good job, therefore the number of individuals who provided this response can be computed as: 10% of 1015 = 101.5

Therefore about 102 adults must have provided this response.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.