A Roper poll reported in USA Today involved a survey of the wealthiest 1% of Americans. The
Question:
A Roper poll reported in USA Today involved a survey of the wealthiest 1% of Americans. The survey found that these people would pay an average of \($487,000\) for true love, \($407,000\) for great intellect, \($285,000\) for talent, and \($259,000\) for eternal youth. Analyze this result according to Guideline 4.
Data From Guideline 4:-
Results of a statistical study may be difficult to interpret if the variables under study are difficult to define or measure. For example, imagine trying to conduct a study of how exercise affects resting heart rates. The variables of interest would be amount of exercise and resting heart rate. Both variables are difficult to define and measure. In the case of amount of exercise, it’s not clear what the definition covers—does it include walking to class? Even if we specify the definition, how can we measure amount of exercise given that some forms of exercise are more vigorous than others?
Step by Step Answer:
Statistical Reasoning For Everyday Life
ISBN: 9780321904645
4th International Edition
Authors: Jeffrey Bennett, William L. Briggs, Mario F. Triola