As Discussed in the Text, the Sociologist Phil Kunz Once

question 14

Multiple Choice

As discussed in the text, the sociologist Phil Kunz once performed a study in which he sent 578 Christmas cards to a sample of complete strangers living in Chicago, Illinois. What happened?

• A) Almost none of them sent him a card in return, since they didn't know who he was. However, a small but significant minority (?8%) were apparently very upset with the researcher.
• B) The vast majority of them(?95%) actually sent him a card in return or telephoned him to try to find out who he was.
• C) A significant minority of them(?20%) actually acted as though they knew who he was and sent him a card in return.
• D) Essentially, nothing-although he did receive a handful of cards (three or four) from people who probably mistakenly thought they knew who he was.

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Definitions:

Compounded Quarterly

Calculating interest by adding previously earned interest to the principal amount at the end of every quarter, leading to an increase in the interest amount over periods.

Compounded Annually

Interest computed annually on the initial sum as well as on the interest accrued in past periods.

Professional Hockey

A sport involving two teams of skaters using sticks to shoot a puck into the opponent's net, played at a professional level.

Investments

Assets or items acquired with the goal of generating income or appreciation over time.