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Insight Research Corporation studies shopping habits of American consumers. They have collected a random sample of n = 300 consumers to fill out a survey
Insight Research Corporation studies shopping habits of American consumers. They have collected a random sample of n = 300 consumers to fill out a survey about their shopping behavior. Their findings suggest that consumers spend, on average (x), $3,000 on apparel each year (minimum response = $200; maximum response = $18,000), with a standard deviation (s) of $1,800.
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