If a store manager is interested in estimating the mean amount spent per customer per visit at her store, the sample mean would be the approximate point estimate.

Name: If a store manager is interested in estimating the mean amount spent per customer per visit at her store, the sample mean would be the approximate point estimate.
Brand: Quizplus
Rating: 4.7 (26 reviews)

Question

If a store manager is interested in estimating the mean amount spent per customer per visit at her store, the sample mean  would be the approximate point estimate.

Quizplus · Accepted Answer

The sample mean is an approximate point estimate for the population mean amount spent per customer per visit.

If a Store Manager Is Interested in Estimating the Mean