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.
-Starting salaries of a sample of five management majors along with their genders are shown below.
a.What is the point estimate for the starting salaries of all management majors?
b.Determine the point estimate for the variance of the population.
c.Determine the point estimate for the proportion of male employees.

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.
-Starting salaries of a sample of five management majors along with their genders are shown below.  
a.What is the point estimate for the starting salaries of all management majors?
b.Determine the point estimate for the variance of the population.
c.Determine the point estimate for the proportion of male employees.

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.
-Starting salaries of a sample of five management majors along with their genders are shown below.  
a.What is the point estimate for the starting salaries of all management majors?
b.Determine the point estimate for the variance of the population.
c.Determine the point estimate for the proportion of male employees.

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