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In this video tutorial, the instructor discusses the data collection phase of the project, providing details on creating a data collection plan and setting up an online survey. The key requirement is to identify two populations of interest, such as non-college students and college students for comparing population proportions and means. The instructor demonstrates this with an example project, where population one consists of non-students and population two consists of college students. Other possible population comparisons are also mentioned, such as high school vs. college students or different demographics.