Use Critical Thinking to Address the Key Issue

question 24

Essay

Use critical thinking to address the key issue.
-A researcher wished to gauge public opinion on gun control. He randomly selected 1000 people from among registered voters and asked them the following question: "Do you believe that gun control laws which restrict the ability of Americans to protect their families should be eliminated?". Identify the abuse of statistics and suggest a way the researcher's methods could be improved.

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Definitions:

Note Payable

A formal written agreement to repay a borrowed amount of money, including terms such as interest rate and maturity date.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Promissory Note Receivable

This is a financial asset representing a written promise by one party to pay a specified sum of money to another party under agreed terms.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.