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Put the standard error in more concrete terms. The government does a survey of 1000 people to measure how much people earn per year. It
Put the standard error in more concrete terms. The government does a survey of 1000 people to measure how much people earn per year. It finds that the average worker in the United States makes $50,000 a year and reports that the standard error (SE) is $1,500. What does the SE mean in words?
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