Question: 8.54 Population variability Explain the reasoning behind the following statement: In studies about a very diverse population, large samples are often necessary, whereas for more

8.54 Population variability Explain the reasoning behind the following statement: “In studies about a very diverse population, large samples are often necessary, whereas for more homogeneous populations smaller samples are often adequate.” Illustrate for the problem of estimating mean income for all medical doctors in the United States compared to estimating mean income for all entry-level employees at McDonald’s restaurants in the United States.

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