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A market research company reports that the confidence interval for the average amount spent by customers is $50 to $70. How should this be interpreted?
A market research company reports that the confidence interval for the average amount spent by customers is $50 to $70. How should this be interpreted? The average amount spent by all customers is between $50 and $70 There's a high probability that the true average amount spent lies between $50 and $70 Customers are confident about spending between $50 and $70 Most customers spend between $50 and $70
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