Question: Here are summary statistics comparing two samples of 8000 drawn at random from a companys database of 3.5 million customers: QUESTION: Do you think these

Here are summary statistics comparing two samples of 8000 drawn at random from a company’s database of 3.5 million customers:

Mean Mean White Female # of Bracket Age (yr) (%) (%) Children

QUESTION: Do you think these samples are representative of the population of the company’s customers? Explain.

Mean Mean White Female # of Bracket Age (yr) (%) (%) Children (1-7) (1-9) Mean Income Mean Wealth Homeowner? (% Yes) Bracket Sample 1 61.4 85.12 56.2 1.54 3.91 5.29 71.36 Sample 2 61.2 84.44 56.4 1.51 3.88 5.33 72.30

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