A simple random sample of 31 observations was taken from a large population. The sample mean equals 5. Five is a
A)population parameter.
B)point estimate.
C)population mean.
D)standard error.

Question

Quizplus · Accepted Answer

The sample mean of 5 is a point estimate, which is an estimate of the population parameter based on data from a sample. It is not the actual population parameter, which is typically unknown.

A Simple Random Sample of 31 Observations Was Taken from a Large