Suppose you want to estimate the population mean of some quantity when the population consists of millions
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Suppose you want to estimate the population mean of some quantity when the population consists of millions of members (such as the population of all U.S. households). How is it possible that you can obtain a fairly accurate estimate, using the sample mean of only about 1000 randomly selected members?
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Related Book For 
Business Analytics Data Analysis and Decision Making
ISBN: 978-1133629603
5th edition
Authors: S. Christian Albright, Wayne L. Winston
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