Exhibit 7-3
The following information was collected from a simple random sample of a population.
-Refer to Exhibit 7-3. The point estimate of the mean of the population is
A)18.0
B)19.6
C)108
D)sixteen, since 16 is the smallest value in the sample

Question

Exhibit 7-3
The following information was collected from a simple random sample of a population. 
-Refer to Exhibit 7-3. The point estimate of the mean of the population is
A)18.0 
B)19.6 
C)108 
D)sixteen, since 16 is the smallest value in the sample

Quizplus · Accepted Answer

The point estimate of the mean of the population is the sample mean, which is calculated as the average of the sample values.

Exhibit 7-3 The Following Information Was Collected from a Simple Random Sample