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A local newspaper wanted to gather information about house sales in the area. It distributed 25,000 electronic surveys to its readers asking questions about house sales in the past 6 months. Of the surveys sent out, 3.2% were returned. The results found that 92% of people did not sell their house in the past 6 months and 85% of people would expect a loss if they sold their house. The writer wants to use these results to conclude that the housing market is declining, and we are headed for a recession.
a. Explain the bias and sampling error in this study.
b. Should the writer conclude that the housing market is declining based upon this data?
c. Why or why not?
Apr 16 2020 Read more Less More
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