- 10 A Marketing Researcher Conducted A Survey Of 25 Shoppers Randomly Selected At The Local Mall And Found That The Aver 1 (208.57 KiB) Viewed 96 times
10. A marketing researcher conducted a survey of 25 shoppers randomly selected at the local mall and found that the aver
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10. A marketing researcher conducted a survey of 25 shoppers randomly selected at the local mall and found that the aver
10. A marketing researcher conducted a survey of 25 shoppers randomly selected at the local mall and found that the average shopper intended to spend an average of $32.00 during their visit to the mall. The researcher also found that, on the average, the sample of shoppers surveyed spent $7.00 different than the mean of $32.00. (A) What is the value of the estimated standard error of the mean (SEM)? (B) Provide an interpretation of the value obtained in part A. (C) Based on the sample surveyed, what is the estimated average amount spent at the mall for all shoppers?