Researchers Have Studied the Role That the Age of Workers

question 24

Multiple Choice

Researchers have studied the role that the age of workers has in determining the hours per month spent on personal tasks. A sample of 1,686 adults were observed for one month. The data follow. Construct a 98 percent confidence interval for the mean hours spent on personal tasks for 25- to 44-year-olds.

• A) [3.96, 4.12]
• B) [3.97, 4.11]
• C) [3.98, 4.10]
• D) [2.16, 5.92]
• E) [3.95, 4.13]

---

Definitions:

Meaningfully Shared Characteristics

Traits or features that are held in common among a group or category of things, providing significant insight into their nature or behavior.

Mass Affluent

A demographic group characterized by their substantial disposable income, though not wealthy enough to be considered rich by traditional standards.

Investable Assets

Financial assets or securities that individuals or institutions can purchase in order to generate returns.

Market Segmentation

The process of dividing a larger market into smaller groups, or market segments, based on meaningfully shared characteristics.