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decreases as tie OF = (standard error of the mean) (8.4) For example, if the average spending by a salon customer for a facial treatment
decreases as tie OF = (standard error of the mean) (8.4) For example, if the average spending by a salon customer for a facial treatment is u = $80.00 with standard deviation o = $10.00, then the standard error of the mean for a random sample of 20 facial treatments is much smaller than $10: $10.00 OX = = $2.236 V20
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