Answer to Question #67637 in Other Economics for Sara Masood
A researcher reasons that people who read newspapers are likely to be more knowledgeable about personal finance than readers of tabloid newspapers. He interviews 100 people about the newspaper they read and their level of financial knowledge. Sixty five people read tabloid and thirty five read broadsheets. He finds that the broadsheets readers are on average considerably more knowledgeable about personal finance than tabloid readers. He concludes that reading broadsheets enhances levels of knowledge of personal finance. Assess his reasoning.
The main proof of this idea is based on fact that 65% of people from sample chosen read tabloid (65 out of 100) If so than people who reads broadsheets enhances levels of knowledge of personal finance,