brooke wants to assess her clients stock portfolio performance. she reads that the average portfolio value…

brooke wants to assess her clients stock portfolio performance. she reads that the average portfolio value for individuals aged 35 to 44 is about $97,000. she determines the average portfolio value for 3 of her clients within this age group is roughly $130,000. which of the following statements best describes brookes findings?\na) brookes findings are relevant but insignificant\nb) brookes findings are relevant and significant\nc) brookes findings are irrelevant but significant\nd) brookes findings are irrelevant and insignificant

brooke wants to assess her clients stock portfolio performance. she reads that the average portfolio value for individuals aged 35 to 44 is about $97,000. she determines the average portfolio value for 3 of her clients within this age group is roughly $130,000. which of the following statements best describes brookes findings?\na) brookes findings are relevant but insignificant\nb) brookes findings are relevant and significant\nc) brookes findings are irrelevant but significant\nd) brookes findings are irrelevant and insignificant

Answer

Brief Explanations:

Brooke is comparing her clients' portfolio values to the general - age - group average, so the findings are relevant. With only 3 clients, the sample size is small, making it difficult to draw significant conclusions. However, the difference between her clients' average ($130,000) and the general average ($97,000) is notable, indicating some significance.

Answer:

B) Brooke's findings are relevant and significant