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Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 68 manufacturing companies located in the Southwest. The mean expense is $49.41 million and the standard deviation is $11.45 million. Is it reasonable to conclude the sample data are from a population that follows a normal probability distribution?
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Advertising expenses are a significant component of the cost of goods sold. Listed below is a freque...
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