On the Internet You Find the Following Offers for Opening

question 203

Multiple Choice

On the Internet you find the following offers for opening an online account.Which of them is the best offer if you have $5,000 to save for two years?

• A)an interest rate of 5 percent,with the bank charging you a $50 processing fee at the time you open your account
• B)an interest rate of 4 percent,with the bank giving you a $65 bonus at the time you open your account
• C)an interest rate of 3.5 percent,with the bank giving you a $100 bonus to open your account
• D)an interest rate of 4.5 percent,with no processing fee and no bonus

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Definitions:

Statistical Control

is a method used in research to account for potential confounding variables, ensuring more accurate results.

Demographic Data

Data related to the statistical characteristics of a population, including age, race, gender, income levels, and more.

Likert

Refers to a psychometric scale commonly used in surveys to measure attitudes or opinions, typically allowing respondents to express the degree of their agreement with statements.

Closed-Ended

Pertaining to a type of question or statement in surveys or research that limits responses to predetermined options.