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Extrapolation is as close as you're going to get to the number. It's not the actual accounting but it will be a reasonable estimate. Example: if half of a production run (50%) came with a certain option and only (10%) came with another option, it is reasonable to assume only 5% came with both options.
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... some old Chevrolets and Pontiacs. |
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Thank You guys for your help.
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#3
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<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: 1969z280</div><div class="ubbcode-body">Extrapolation is as close as you're going to get to the number. It's not the actual accounting but it will be a reasonable estimate. Example: if half of a production run (50%) came with a certain option and only (10%) came with another option, it is reasonable to assume only 5% came with both options. </div></div>
This would be statistically incorrect, as the 50% would have been taken from the total production, as would the 10%. Hence, taking the 50% sample and then applying the 10% figure that was initially derived from the population (total production) would give you an F in statistics class. By the way, I received an F too at some point, but this I know to be true. |
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