Based on a Survey of 400 Students in a University

question 156

Multiple Choice

Based on a survey of 400 students in a university in which 20 percent indicated that they were business majors. The university student newspaper reported that "20 percent of all the students at the university are business majors." This report is an example of:

• A) a sample.
• B) a population.
• C) statistical inference.
• D) descriptive statistics.

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Definitions:

Investment Banks

Financial institutions that assist individuals, corporations, and governments in raising capital, advising on mergers and acquisitions, and providing other financial services.

Certificate of Deposit

A savings certificate with a fixed maturity date, specified fixed interest rate, and can be issued in any denomination aside from minimum investment requirements.

Financial Intermediary

An institution that facilitates the channeling of funds between lenders and borrowers by intermediating between them.

Direct Transfer

A process where assets or funds are moved from one party directly to another without intermediaries.