The piron software company currently develops marketing, Ask an Expert

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The PIRON Software Company currently develops marketing software for primarily service-based organizations. They obtained a sample of potential bids from the Phoenix market (shown in thousands below). The company's average or mean contract is $55,000.

30 42 37 41 26 33 65 50 35 70

Using the scenario above, identify the sample error and determine the impact of the error on potential decision making by PIRON Software Company leaders.

What should the company do based on the information calculated?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91019651

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