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Author Question: A U.S. government report stated that "With bank interest rates at 3.0%, 21% of wage earners believe ... (Read 60 times)

WWatsford

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A U.S. government report stated that "With bank interest rates at 3.0%, 21% of wage earners believe it worthwhile to keep money in a savings account. However, at 5.0% interest, 27% of wage earners believe it worthwhile to keep money in a savings account. The margin of error for both studies is 4 percentage points." A proper conclusion from the studies is that
◦ increasing the interest rate will increase the number of persons saving money in a savings account.
◦ increasing the interest rate by 2 percentage points will increase the number of persons saving money in a savings account.
◦ increasing the interest rate may well have no effect on the number of persons saving money in a savings account.
◦ the interest rate difference between 3% and 5% may well have no effect on the number of persons saving money in a savings account.


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Marked as best answer by WWatsford on Jan 18, 2020

millet

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WWatsford

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Reply 2 on: Jan 18, 2020
Excellent


triiciiaa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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