Matthew Works as a Personal Finance Advisor

question 47

Multiple Choice

Matthew works as a personal finance advisor.Over the course of his career, he has provided financial advice to several families in Baltonia.Recently, he wrote an article on how Baltonian middle-class families are spendthrifts rather than savers.Which of the following is most likely to weaken Matthew's analysis?

• A) Studies indicate that Baltonia has the highest rate of consumerism in the world.
• B) Surveys on middle-class families in Baltonia indicate that they are not responsible buyers like families in other neighboring countries.
• C) Middle class families in Baltonia often withdraw funds from retirement accounts.
• D) Over 90 percent of people in Baltonia have large pension and saving accounts.

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Definitions:

One-sample T Test

A statistical test used to compare the mean of a sample to a known value or theoretical expectation.

Normal Population

A population distribution that follows a normal (bell-shaped) curve, indicating that the mean, median, and mode are equal.

Alternative Hypothesis

In statistical analysis, it suggests that there is a statistically significant relationship between variables, opposing the null hypothesis.

Sample Data

Data collected from a subset of a larger population, used to make inferences or predictions about the population as a whole.