Exhibit 7-5
Random samples of size 17 are taken from a population that has 200 elements, a mean of 36, and a standard deviation of 8.
-A simple random sample of 8 employees of a corporation provided the following information.
a.Determine the point estimate for the average age of all employees.
b.What is the point estimate for the standard deviation of the population?
c.Determine a point estimate for the proportion of all employees who are female.

Question

Exhibit 7-5
Random samples of size 17 are taken from a population that has 200 elements, a mean of 36, and a standard deviation of 8.
-A simple random sample of 8 employees of a corporation provided the following information.  
a.Determine the point estimate for the average age of all employees.
b.What is the point estimate for the standard deviation of the population?
c.Determine a point estimate for the proportion of all employees who are female.

Quizplus · Accepted Answer

The Answer of Exhibit 7-5
Random samples of size 17 are taken from a population that has 200 elements, a mean of 36, and a standard deviation of 8.
-A simple random sample of 8 employees of a corporation provided the following information.  
a.Determine the point estimate for the average age of all employees.
b.What is the point estimate for the standard deviation of the population?
c.Determine a point estimate for the proportion of all employees who are female.

Exhibit 7-5 Random Samples of Size 17 Are Taken from a Population