Suppose that you want to estimate the mean monthly gross income of all households in your local

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Suppose that you want to estimate the mean monthly gross income of all households in your local community. You decide to estimate this population parameter by calling 150 randomly selected residents and asking each individual to report the household's monthly income. Assume that you use the local phone directory as the frame in selecting the households to be included in your sample. What are some possible sources of error that might arise in your effort to estimate the population mean?
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Business Analytics Data Analysis And Decision Making

ISBN: 1209

6th Edition

Authors: S. Christian Albright, Wayne L. Winston

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