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A simple random sample consists of five observations 2, 4, 7, 12, 15. The point estimate of the population mean is :

Solution

✅ Correct Option: 4

Point estimate of population mean is the sample mean.

xˉ=2+4+7+12+155=405=8\bar{x}=\frac{2+4+7+12+15}{5}=\frac{40}{5}=8.

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