A university surveyed recent graduates of the English department for their starting salaries. Four hundred graduates returned the survey. The average salary was $25,000,with a standard deviation of $2,500. What is the best point estimate of the population mean?
A)$25,000
B)$2,500
C)$400
D)$62.5

Question

Quizplus · Accepted Answer

The best point estimate of the population mean is the sample mean, which is given in the problem as $25,000. Therefore, the correct choice is A. B, C, and D are not relevant to the calculation of the point estimate in this problem.

A University Surveyed Recent Graduates of the English Department for Their