Suppose You Designed a Survey with Only Closed Questions, and for Each

question 15

Essay

Suppose you designed a survey with only closed questions, and for each question you included 'other' as one of the possible answers.Suppose for one of the questions you found that 75% of the respondents chose 'other'.Explain why this is not a good thing, and what could have been done to prevent it.

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Definitions:

Monthly Cash Expenses

The total amount of money spent by an individual or business in cash over the course of a month.

Compensating Balance

A minimum balance that a borrower must maintain in a bank account as a condition for getting a loan from that bank.

Cash Burn

The rate at which a company spends its cash reserves, especially in the context of startups or new ventures.

Monthly Cash Expenses

The total amount of money spent by a business within a month for operational activities, excluding non-cash expenses.