A company is interested in estimating sales for its 200 stores. To do this, the company collects

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A company is interested in estimating sales for its 200 stores. To do this, the company collects information on 1990 and 1991 sales from a simple random sample of 12 stores. The results of this sampling study are given in the table.image text in transcribed

Suppose 1990 sales were $27 million. Use the ratio method to estimate the sales for 1991.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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