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An Assistant Manager at a Restaurant Gets a $100 a Month

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An assistant manager at a restaurant gets a $100 a month raise.He figures that with his new monthly salary he cannot buy as many goods and services as he could buy last year.


Definitions:

Opposing Interpretations

Differing views or analyses of data, texts, or events, reflecting varied perspectives or understandings.

Inferential Statistics

A branch of statistics that allows us to make predictions or inferences about a population based on sample data.

Generalize

To draw broad conclusions from specific instances, making the information applicable to a larger group or situation.

Population

The total number of inhabitants of a particular town, area, country, or the total number of individuals within a specific group or category.

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