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5. Suppose the firm you are working for randomly samples 800 retail outlets and finds that the sample average is $541195. Estimate the average amount

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5. Suppose the firm you are working for randomly samples 800 retail outlets and finds that the sample average is $541195. Estimate the average amount spent on marketing in the last quarter by all retail outlets using your data. Show any formulas needed, show all work and use proper units. Remember that ALL estimates should include an appropriate interpretation

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