The Financial Times/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?