1. What does the data show in terms of the claim that that the average household income is equal to the average non-mortgage debt?

2. Which type of data method is best to collect the data: a simple, stratified, systematic or cluster random sampling method?

2b. Why?

3. What is the target population.

3. How can I estimate the size of the target population, what does N =?

4. What is the sampling element i.e the smallest unit of the target population to be sampled?

5. What is the sample size based on the target population, sample size is n =

6. Which one of the 4 random sampling methods best illustrates this scenario from random sampling, stratifiedsampling, clustersampling, multistagesampling, and systematicrandom sampling.Why is that one favorable?

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