Author Question: Interpreting Quantitative Data Your company has surveyed employees to determine their interest in ... (Read 93 times)

waynest · **on:** Jun 23, 2018

Interpreting Quantitative Data Your company has surveyed employees to determine their interest in learning about financial planning. Based on the responses, the company will develop training for employees who are interested. The table shows the total employee responses, using the raw data and percentages. The results of this survey will be reported to the director of Human Resources and used to develop a financial planning training seminar for employees. Personal Development Need Number Percentage Retirement Annuity 128 32 Traditional and Roth IRA 104 26 Mutual Funds 80 20 Internet Stock Trading 52 13 Effective Charitable Giving 36 9 Totals 400 100 Required: Write an analysis of this data that explains the results of the survey. This analysis will appear in the written report to the director of Human Resources.

Question 2

Because the primary data sources for many routine reports are the writer's memory or notes, the writer should take special care to write objectively.
Indicate whether the statement is true or false

chevyboi1976 · **Reply #1 on:** Jun 23, 2018

Answer to Question 1

Employees were surveyed to determine their personal needs for financial planning. Respondents were asked to indicate their first choice of personal financial development interest from one of the following categories: retirement annuities, traditional and Roth IRA; mutual funds, Internet stock trading, and charitable giving. Returned surveys totaled 400 . More than half of those who responded indicated an interest in learning about retirement annuities and traditional and Roth IRA's. Employees ranked interest in learning about mutual funds third out of the five choices. Respondents showed little interest in learning and Internet stock trading (13 percent) and even less interest in learning about charitable giving (9 percent)

The results of this survey indicate that of the total number of employees surveyed, 400 have a personal development need for learning about financial planning. For these employees, financial training should focus on retirement annuities and IRA's. The training should also include information on mutual funds, but only a few employees are interested in information on Internet stock trading and charitable giving.

Answer to Question 2

TRUE