The following data are from a simple random sample: , then the point estimate of the population mean is
The following data are from a simple random sample: , then the point estimate of the population mean is
Solution
✅ Correct Option: 3
The point estimate of the population mean is the sample mean.
Given data:
Calculate the sum of all values:
Sum
Count the number of values in the sample:
Calculate the sample mean using the formula:
Therefore, the point estimate of the population mean is .
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