2. Young Professional magazine was developed for a target audience of recent college gradu- ates who are in their first 10 years in a business/professional career. In its two years of pub- lication, the magazine has been fairly successful. Now the publisher is interested in expanding the magazine’s advertising base. Potential advertisers continually ask about the demographics and interests of subscribers to Young Professional. To collect this informa- tion, the magazine commissioned a survey to develop a profile of its subscribers. The sur- vey results will be used to help the magazine choose articles of interest and provide advertisers with a profile of subscribers. As a new employee of the magazine, you have been asked to help analyze the survey results.
a. What is your age?
b. Are you: Male_________ Female___________
c. Do you plan to make any real estate purchases in the next two years? Yes______ No______ d. What is the approximate total value of financial investments, exclusive of your home, owned by you or members of your household?
e. How many stock/bond/mutual fund transactions have you made in the past year? f. Do you have broadband access to the Internet at home? Yes______ No______ g. Please indicate your total household income last year.
h. Do you have children? Yes______ No______
The file entitled Professional contains the responses to these questions. Managerial Report
Prepare a managerial report summarizing the results of the survey. In addition to statistical summaries, discuss how the magazine might use these results to attract advertisers. You might also comment on how the survey results could be used by the magazine’s editors to identify topics that would be of interest to readers. Your report should address the follow- ing issues, but do not limit your analysis to just these areas.
a. Develop appropriate descriptive statistics to summarize the data. b. Develop 95% confidence intervals for the mean age and household income of...
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