5
QuizMultiple Choice

Retirement Data — Quiz

Question 5 • Financial Math

A student is writing a research paper on how inflation affects retirement savings. What should the student do first to collect data?

Answer
A
search for recent articles on a popular finance blog
B
identify who to ask about when they plan to retire
C
interview friends and family about their financial planning for retirement
D
identify specific data needed, such as inflation rates and their impact on savings

Explanation

First, the student should decide exactly what information is needed to answer the research question. For this topic, that could include inflation rates and how inflation affects the value of retirement savings. Once those data needs are clear, the student can choose appropriate sources or methods for collecting the information. Interviewing people or searching blogs before defining the data needed may not provide relevant evidence.

AI-written and checked against the verified answer.

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