Exhibit 21-1
A simple random sample of size 64 is taken from a population of size 800. The sample mean is determined to be 2,550 with a standard deviation of 500.
-Refer to Exhibit 21-1. The point estimate of the population total is
A)51,200
B)1,275,000
C)102,000
D)2,040,000

Question

Quizplus · Accepted Answer

The Answer of Exhibit 21-1
A simple random sample of size 64 is taken from a population of size 800. The sample mean is determined to be 2,550 with a standard deviation of 500.
-Refer to Exhibit 21-1. The point estimate of the population total is
A)51,200
B)1,275,000
C)102,000
D)2,040,000

Exhibit 21-1 a Simple Random Sample of Size 64 Is Taken from Taken