Imagine you're planning to estimate the price of the average book at your college bookstore. The bookstore carries 13,000 titles, but you plan to...
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Imagine you're planning to estimate the price of the average book at your college bookstore.

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The bookstore carries 13,000 titles, but you plan to sample only 200 books.

You will select a sample of 200 books, record the price of each book, and use the average of the 200 books to estimate the average price of the 13,000 titles in the bookstore.

Assume that the bookstore can give you access to a database that lists all 13,000 titles that it carries.

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