Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. 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
We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
