Dr Dowling Is a Clinical Psychologist Who Is Interested in the Link

question 29

Essay

Dr. Dowling is a clinical psychologist who is interested in the link between mental illness and criminal activity. She gets IRB permission to study patients at all five inpatient/residential mental health facilities in her state. There are 4,307 patients currently living in these facilities. She asks patients whether they have ever been arrested for a crime and whether they have ever been convicted of a crime. She collects a sample size of 1,369. She finds that 27% (+/- 3%) report having been arrested for a crime but that only 13% (+/- 3%) have been convicted of a crime.
Dr. Dowling is interviewed by a journalist about the findings of her study. The journalist criticizes the sample size as being too small and says that, because of that, the findings do not really have any real-world meaning. How should Dr. Dowling respond?

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Definitions:

Adjustment Necessary

A modification or change required to correct or update financial records and statements to accurately reflect the financial status of an entity.

Equity Income

Refers to the income generated by an investor's share of profits from an equity investment, such as stocks or ownership interests in companies.

Fair Value

The obtainable price for liquidating an asset or the charge to shift a liability in a planned engagement with market operatives at the time of determining value.