Tuesday, November 17, 2009

Statistic Question about a survey?

According to a Goldman Sachs survey only about 4% of U.S households bank online. A survey by Cyber dialogue investigated reasons people quit online banking after trying. A partial listing of the results of the Cyber dialogue survey are given below





Too complicated or time consuming 27%


Unhappy with customer service 25%


No need 20%


Concerns about security 11%


Too costly 11%


Concerns about privacy 5%








a)Describe the population for the Goldman Sachs survey?


b)Describe the population for the Cyber Dialogue survey?


c)Is a response to the question "Why did you quit online banking?" categorical or numerical?


d)27% of respondents indicated that online banking was too complicated or too time consuming. Is this a parameter or a statistic

Statistic Question about a survey?
a) the population is US households





b) the population is US households who have tried but no longer use online banking





c) categorical





-categorical, or qualitative, data measures an "attitude" or non-quantifiable value


-numerical, or quantitative, data measures can be expressed in numbers. e.g., length, mass, time, number of success...





d) this is a statistic. a parameter is something like the a population mean.
Reply:a) All US households


b) All people who tried online banking but quit


c) categorical


d) statistic

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