A simple random sample of 5 months of sales data provided the following information: Month: 2. 3. 4. Units Sold: 97 120 83 97 93 a. Develop a point estimate of the population mean number of units sold per month. b. Develop a point estimate of the population standard deviation (to 2 decimals).

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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A simple random sample of 5 months of sales data provided the following information:
Month:
1
2.
3.
4
5.
Units Sold:
97
120
83
97
93
a. Develop a point estimate of the population mean number of units sold per month.
b. Develop a point estimate of the population standard deviation (to 2 decimals).
Transcribed Image Text:A simple random sample of 5 months of sales data provided the following information: Month: 1 2. 3. 4 5. Units Sold: 97 120 83 97 93 a. Develop a point estimate of the population mean number of units sold per month. b. Develop a point estimate of the population standard deviation (to 2 decimals).
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