Best point estimate of the mean, Basic Statistics

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Best point estimate of the mean

A sociologist found that in a sample of 50 retired men, the average number of jobs they had during their lifetimes was 7.2. The population standard deviation is 2.1.

Find the best point estimate of the mean.

Find the 95% confidence interval of the mean number of jobs.

Find the 99% confidence interval of the mean number of jobs.

Which is smaller? Explain why.

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Basic Statistics: Best point estimate of the mean

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Request for Solution File

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Basic Statistics: Best point estimate of the mean

Reference No:- TGS0712525

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Each transaction indicate the amount of revenue

Q : How much will she have saved in five years

Q : Magnitude of the attractive force on the negative charge

Q : Cost of merchandise sold by three methods

Q : Best point estimate of the mean

Q : What is the volumetric flow rate for the supply solution

Q : Probability of winning the game

Q : What are the advantages of using an aging schedule

Q : Generate expression for the stream function for flow

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Best point estimate of the mean

Reference No:- TGS0712525

Recent Questions Asked Basic Statistics

Q : Each transaction indicate the amount of revenue

Q : How much will she have saved in five years

Q : Magnitude of the attractive force on the negative charge

Q : Cost of merchandise sold by three methods

Q : Best point estimate of the mean

Q : What is the volumetric flow rate for the supply solution

Q : Probability of winning the game

Q : What are the advantages of using an aging schedule

Q : Generate expression for the stream function for flow

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