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:

Stated Rate

The nominal interest rate of a financial instrument, not including any compounding interest or fees.

Effective Annual Rates

The interest rate on an investment or loan that is adjusted for compounding over a specified period.

Annual Percentage Rates

The yearly percentage charged for taking out a loan or gained from an investment, including all fees or extra expenses.

Quoted Rates

The publicly listed interest rates or prices for financial instruments or bank deposits.