Real Studies. Consider the following statistical studies.
a. Identify the population and the population parameter of interest.
b. Describe the sample and sample statistic for the study.
c. Identify the type of study.
d. Discuss what additional facts you would like to know before you believed the study or acted on the results of the study.
In surveys of more than 4000 households, the Pew Research Center determined that young adults (ages 18–35) had done a better job of shedding debt during the Great Recession than older adults (over 35). Median debt for young adults fell 29% during that period compared with an 8% reduction for older adults.
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