Interpreting Quantitative Data
Your Company Has Surveyed Employees to Determine

question 10

Essay

Interpreting Quantitative Data
Your company has surveyed employees to determine their interest in learning about financial planning. Based on the responses, the company will develop training for employees who are interested. The table shows the total employee responses, using the raw data and percentages. The results of this survey will be reported to the director of Human Resources and used to develop a financial planning training seminar for employees.
$\begin{array}{lcc}\text { Personal Development Need } & \text { Number } & \text { Percentage } \\ \text { Retirement Annuity } & 128 & 32 \\ \text { Traditional and Roth IRA } & 104 & 26 \\ \text { Mutual Funds } & 80 & 20 \\ \text { Internet Stock Trading } & 52 & 13 \\ \text { Effective Charitable Giving } & 36 & 9\end{array}$ Required:
Write an analysis of this data that explains the results of the survey. This analysis will appear in the written report to the director of Human Resources.

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Definitions:

Long-Run Cost Diagram

A graphical representation depicting the relationship between output and the long-term costs of production when all inputs can be varied.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.

X-Inefficiency

A concept where a firm operates with higher costs than are necessary due to lack of competition or internal inefficiencies.

Economies Of Scale

Cost savings that accrue to firms from upscaling their production operations, where there's a typical decrease in the cost per unit with larger production volumes.