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As your group decides whether or not to pursue the development of a particular product, a key piece of information is missing: The size of
As your group decides whether or not to pursue the development of a particular product, a key piece of information is missing: The size of the market for this type of product. In order to get a better sense of this number, data have been assembled and will be analyzed for this purpose. Which of the main activities of statistics is most directly involved in determining this number? Please give its name and the reason for your choice.
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