Exhibit 7-1
A random sample of 121 bottles of cologne showed an average content of 4 ounces. It is known that the standard deviation of the contents (i.e., of the population) is 0.22 ounces.
-Refer to Exhibit 7-1. The point estimate of the mean content of the bottles is
A)0.22
B)4
C)121
D)0.02

Question

Quizplus · Accepted Answer

The point estimate of the mean content is given as the sample average, which is 4 ounces.

Exhibit 7-1 a Random Sample of 121 Bottles of Cologne Showed an Showed