Question 10.76

10.76 Can we consider this an SRS?

Refer to the previous exercise. The report states that Kiplinger’s rankings focus on traditional four-year public colleges with broad-based curricula. Each year, they start with more than 500 schools and then narrow the list down to roughly 120 based on academic quality before ranking them. The data set in the previous exercise is an SRS from their published list of 100 schools. As far as investigating the relationship between the average debt and the in-state cost after adjusting for need-based aid, is it reasonable to consider this to be an SRS from the population of interest? Write a short paragraph explaining your answer.

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