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A statistician employed by a consumer testing organization reports that at 95% confidence he has determined that the true average content of the Uncola soft drinks is between 11.7 to 12.3 ounces. He further reports that his sample revealed an average content of 12 ounces, but he forgot to report the size of the sample he had selected. Assuming the standard deviation of the population is 1.28, determine the size of the sample.
Poverty Rate
The percentage of the population living below the national poverty line, indicating the proportion of people who cannot afford basic needs.
Absolute Income Scale
A measure of an individual’s or household’s income level, without adjusting for inflation or cost-of-living differences.
Poverty Line
A defined income threshold below which individuals or families are considered to be living in poverty, contextual to each country's standard of living and cost of living.
In-Kind Transfers
Transfers of goods or services from one party to another as a form of payment or aid, rather than transferring cash.
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