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A Simple Random Sample of 45 Elements Has Been Selected

question 42

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A simple random sample of 45 elements has been selected from a population of size 800. The sample mean is 500, and the sample standard deviation is 60. An approximate 95% confidence interval for the population mean is


Definitions:

Marketing Mix

The set of controllable tactical marketing tools, typically encapsulated as product, price, place, and promotion, that a company uses to produce a desired response from its target market.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Metamarket

A cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries.

Metamediary

A digital intermediary that connects buyers and sellers or provides information and services across multiple industries or sectors online.

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