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$4.50 is 0.0¾ % of what amount?
Sample Mean
The average calculated from a sample set of data, used as an estimate of the population mean.
Point Estimator
The sample statistic, such as x, s, or p, that provides the point estimate of the population parameter.
Simple Random Samples
A subset of a statistical population in which each member of the subset has an equal probability of being chosen.
Population Size
The total number of individuals or units in the population being studied.
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