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A report on Americans' opinions about long-term investments included data from a poll of 1,080 adults. The responses to the question What do you
A report on Americans' opinions about long-term investments included data from a poll of 1,080 adults. The responses to the question "What do you think is the best long-term investment?" are summarized in the given relative frequency distribution. Response Real Estate Relative Frequency 0.36 Stocks & Mutual Funds 0.21 Gold 0.16 Savings 0.13 Bonds 0.09 Other 0.05 (a) Use this information to construct a bar chart for the response data. (Select the correct graph.) CHOICE A 0.35 0.30 0.25 0.20 0.15 0.10 Relative Frequency 0.05 0.00 Real Stocks & Gold Savings Bonds Other Estate Mutual Funds Best Long-Term Investment CHOICE B 0.35 Relative Frequency 0.30 0.25 0.20 0.15 0.10 0.05 0.00 Real Stocks & Gold Savings Bonds Other Estate Mutual Funds Best Long-Term Investment i (b) Comment on how people responded to the question posed. (Give your answers in percent.) READ AND COMPLETE THE FOLLOWING STATEMENT. % of respondents answered that the best long-term investments were real estate and stocks and mutual funds, and the remaining % of respondents believed that gold, savings, bonds, and other were the best long-term investment.
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