Asked by Krystina Colon on Jun 30, 2024
Verified
Rancorps Inc. conducts a survey of its employees to determine their interest in learning about financial planning. The given table shows the data of the responses. The results of this survey will be reported to the director of human resources and will be used to develop a financial planning training seminar for the employees.
Personal Development Need Number Percentage Retirement Annuity 12832 Traditional and Roth IRA 10426 Mutual Funds 8020 Internet Stock Trading 5213 Effective Charitable Giving 369 Total 400100\begin{array} { | l | c | c | } \hline \begin{array} { l } \text { Personal } \\\text { Development Need }\end{array} & \text { Number } & \text { Percentage } \\\hline \text { Retirement Annuity } & 128 & 32 \\\hline \begin{array} { l } \text { Traditional and Roth } \\\text { IRA }\end{array} & 104 & 26 \\\hline \text { Mutual Funds } & 80 & 20 \\\hline \begin{array} { l } \text { Internet Stock } \\\text { Trading }\end{array} & 52 & 13 \\\hline \begin{array} { l } \text { Effective Charitable } \\\text { Giving }\end{array} & 36 & 9 \\\hline \text { Total } & \mathbf { 4 0 0 } & \mathbf { 1 0 0 } \\\hline\end{array} Personal Development Need Retirement Annuity Traditional and Roth IRA Mutual Funds Internet Stock Trading Effective Charitable Giving Total Number 128104805236400 Percentage 322620139100
Write an analysis of this data, and explain the results of the survey. The analysis will be included in the written report that will be sent to the director of human resources.
Financial Planning
The process of creating strategies for managing financial resources effectively to meet life goals.
Retirement Annuity
A financial product that provides a stream of payments to an individual after retirement, funded through either periodic or lump sum contributions.
IRA
An Individual Retirement Account, a financial tool used in the United States to save for retirement with tax advantages.
- Comprehend the principles for examining and interpreting visual data.
- Recognize and delineate assorted visual tools for depicting data.
Verified Answer
GK
Geoffrey KoppesJun 30, 2024
Final Answer :
Answers will vary. The employees of the company were surveyed to determine their interest in learning about financial planning. Respondents were asked to indicate their choice from one of the following five categories: retirement annuities, traditional and Roth IRA, mutual funds, Internet stock trading, and charitable giving. The number of respondents was 400. More than half of the respondents indicated an interest in learning about retirement annuities and traditional and Roth IRAs. Interest in learning about mutual funds was ranked third. Respondents showed little interest in learning about Internet stock trading (13 percent) and charitable giving (9 percent).
The results of this survey indicate that the employees have an interest in learning about financial planning. For these employees, financial training should focus on retirement annuities and IRAs. The training should also include information on mutual funds and should briefly discuss Internet stock trading and charitable giving.
The results of this survey indicate that the employees have an interest in learning about financial planning. For these employees, financial training should focus on retirement annuities and IRAs. The training should also include information on mutual funds and should briefly discuss Internet stock trading and charitable giving.
Learning Objectives
- Comprehend the principles for examining and interpreting visual data.
- Recognize and delineate assorted visual tools for depicting data.