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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A researcher wishes to estimate the average amount spent per person by visitors to a theme park. He takes a random sample of forty visitors and obtains an average of $28 per person.
a. What is the population of interest?
b. What is the parameter of interest?
c. Based on this sample, do we know the average amount spent per person by visitors to the park? Explain fully.
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