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Mileage tests were conducted on a randomly selected sample of 100 newly developed automobile tires. The average tread wear was found to be 50,000 miles with a standard deviation of 3,500 miles. What is the best estimate of the average tread life in miles for the entire population of these tires?
Information System
A coordinated network of components designed to collect, process, store, and disseminate information to support decision-making, coordination, control, analysis, and visualization in an organization.
Interested Users
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Data related to the financial transactions and status of an entity that is used by stakeholders to make economic decisions.
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Any financial burden or requirement that a person or organization is legally responsible for, such as repaying debt or performing certain actions.
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