The National Association of Realtors (NAR) reported the results of an April 2015 survey of home buyers.
Question:
a. Do the survey results allow the NAR to conclude (at α = .01) that the percentage of all residential properties purchased for vacation homes is greater than 10%?
b. In a previous year, the NAR sent the survey questionnaire to a nationwide sample of 45,000 new home owners, of which 1,982 responded to the survey. How might this bias the results?
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Related Book For
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
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