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August 22, 2014

Homework Help: statistics

Posted by James on Saturday, October 13, 2012 at 10:12am.

A researcher wants to study the spending habits of customers of a local shopping mall. The mall manager claims that the average spending per customer is $70, but the researcher believes that the average is less than $70. A simple random sample of 350 shoppers is obtained. The sample average is $65 and the sample SD is $27. Find the SE for the sample average.

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