Recently, a university surveyed recent graduates of the English Department for their starting salaries. Four hundred graduates returned the survey. The average salary was $55,000 with a standard deviation of $2,500. What is the best point estimate of the population mean?
A) $55,000
B) $52,500
C) 400
D) $62.5

Question

Quizplus · Accepted Answer

The best point estimate of the population mean is the sample mean, which is given as $55,000. Therefore, choice A is the correct answer. Choices B, C, and D are not relevant to the question.

Recently, a University Surveyed Recent Graduates of the English Department