1.43 Parameters and statistics: Identify which value represents the sample mean and which value represents the claimed population mean. a) American households spent an average of about \$52 in 2007 on Halloween merchandise such as costumes, decorations and candy. To see if this number had changed, researchers conducted a new survey in 2008 before industry numbers were reported. The survey included 1,500 households and found that average Halloween spending was \( \$ 58 \) per household. The sample mean is 52 dollars, while the claimed population mean is \[ 203 \] dollars. b) The average GPA of students in 2001 at a private university was 3.37 . A survey on a sample of 203 students from this university yielded an average GPA of 3.59 in Spring semester of 2012. The sample mean is 3.56 and the claimed population mean is \[ 3.37 \] 3.37
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In the first scenario, the sample mean reflects the new survey conducted in 2008, which is \$58, while the claimed population mean from 2007 is \$52. It's a classic case of change over time—how a holiday can affect spending trends! Moving to the university GPA situation, the sample mean is 3.59 from the 203 students surveyed in 2012, while the claimed population mean stands at 3.37 from 2001. This indicates an upward shift in academic performance, which might reflect changes in university policies, resources, or student demographics. Keep an eye out for those trends; they tell fascinating stories!