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The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information.
Sample size
64
49
Sample mean
$140
$125
Population standard deviation
$10
$8
A point estimate for the difference between the mean purchases of the users of the two credit cards is:
A. 2
B. 18
C. 265
D. 15
The so-called "Gambler's Fallacy" makes the mistake of not recognizing:
Solve the equations using linear algebra
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