Vacation home owners. The National Association of Realtors (NAR) reported the results of a May 2006
Question: Vacation home owners.
The National Association of Realtors (NAR) reported the results of a May 2006 survey of vacation-home owners. In a sample of 416 households that owned vacation homes, 46 of the households were minorities. Prior to 2003, 6% of vacation-home owners were minorities.
a) Do the survey results allow us to conclude that the percentage of vacation-home owners who are minorities is larger than 6%?
b) The NAR sent the survey questionnaire to a nationwide sample of 45,000 households that owned vacation homes. Only 416 of the households responded to the survey. How might this bias the survey results?
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Solution: The solution consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document