Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
Considering the sample mean, the best estimate for the mean monthly electric bill for all residents of the local apartment complex is of $86.
How to find the point estimate of a population parameter?
The point estimate for the population parameter is found according to the parameter for a sample from the population. For example:
- The best point estimate for the population mean is the sample mean.
- The best point estimate for the population standard deviation is the sample standard deviation.
In this problem, the mean bill for 132 residents is of $86, hence the best estimate for the mean monthly electric bill for all residents of the local apartment complex is of $86.
More can be learned about point estimates at https://brainly.com/question/24651197
#SPJ1
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.