A snapshot in USA Today noted that Consumers will spend an estimated average of $483 on merchandise

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A “snapshot” in USA Today noted that “Consumers will spend an estimated average of $483 on merchandise” for back-to-school spending. It was reported that the value is based on a survey of 8453 consumers, and the margin of error is “±1 percentage point.” What’s wrong with this information?

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Elementary Statistics

ISBN: 9780321500243

11th Edition

Authors: Mario F. Triola

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