TABLE 1-2 a Wall Street Journal Poll Asked 2,150 Adults in the in the U.S

question 77

Multiple Choice

TABLE 1-2
A Wall Street Journal poll asked 2,150 adults in the U.S. a series of questions to find out their view on the U.S. economy.
-Referring to Table 1-2, the possible responses to the question "How satisfied are you with the U.S. economy today with 1 = very satisfied, 2 = moderately satisfied, 3 = neutral, 4 = moderately dissatisfied and 5 = very dissatisfied?" are values from a

• A) discrete random variable.
• B) continuous random variable.
• C) categorical random variable.
• D) parameter.

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Definitions:

Poverty Line

The minimum level of income deemed adequate in a particular country to live on and meet basic living needs.

Income

The money received, especially on a regular basis, for work or through investments.

College Graduates

Individuals who have completed a degree program at a college or university.

Property Income

Income from property ownership, including rentals, dividends from investments in real estate, and interest on property savings.