Chapter 2: Problem 7
A survey of affluent Americans (those with incomes of \(\$ 75,000\) or more) indicated that \(57 \%\) would rather have more time than more money (USA Today, January 29 , 2003). a. What condition on how the data were collected would make the generalization from the sample to the population of affluent Americans reasonable? b. Would it be reasonable to generalize from the sample to say that \(57 \%\) of all Americans would rather have more time than more money? Explain.
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.