Question: The U.S. Census Bureau estimates the mean value of the land and buildings per corporate farm. Those estimates are published in the Census of Agriculture.
The U.S. Census Bureau estimates the mean value of the land and buildings per corporate farm.
Those estimates are published in the Census of Agriculture.
Suppose that an estimate, x-bar, is obtained and that the margin of error is $1000. Does this result imply that the true mean, μ, is within $1000 of the estimate? Explain your answer.
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