Estimate of the population mean number of units


A sample of 5 months of sales data provided the following information:

Month 1 2 3 4 5
Units Sold 95 120 87 95 93
  1. Develop a point estimate of the population mean number of units sold per month (to 1 decimal).
  2. Develop a point estimate of the population standard deviation (to 2 decimals).

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Basic Statistics: Estimate of the population mean number of units
Reference No:- TGS0836133

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