Best Buy sells Fitbit wearable technology products that track a persons activity. For example, the Fitbit technology

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Best Buy sells Fitbit wearable technology products that track a person’s activity. For example, the Fitbit technology collects daily information on a person’s number of steps so that a person can track calories consumed. The information can be synced with a cell phone and displayed with a Fitbit app. Assume you know the daily number of Fitbit Flex 2 units sold last month at the Best Buy store in Collegeville, Pennsylvania. Describe a situation where the number of units sold is considered a sample. Illustrate a second situation where the number of units sold is considered a population.

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Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

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