Provide an Appropriate Response

question 2

Essay

Provide an appropriate response.
-A questionnaire is sent to 10,000 persons. 5000 responded to the questionnaire. 3000 of the respondents say that
"They love chocolate ice cream." We conclude that 60% of people love chocolate ice cream. What is wrong with
this survey?

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Definitions:

Term Loans

Direct business loans of, typically, one to five years.

Private Debt

Loans and debt financing instruments that are not publicly traded, typically provided by private investors or non-bank financial entities.

Stock's Market Value

The market value of a stock represents the price at which a share of the stock is currently trading on the open market.