Question: Explain whether you think the Rule for Sample Means applies to each of the following situations. If it does apply, specify the population of interest
a. A university wants to know the average income of its alumni. Staff members select a random sample of 200 alumni and mail them a questionnaire. They follow up with a phone call to those who do not respond within 30 days.
b. An automobile manufacturer wants to know the average price for which used cars of a particular model and year are selling in a certain state. They are able to obtain a list of buyers from the state motor vehicle division, from which they select a random sample of 20 buyers. They make every effort to find out what those people paid for the cars and are successful in doing so.
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a Incomes are not bellshaped but this is a large sample so the rule applies ... View full answer
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