Solved: Find point estimate of population standard deviation, Basic Statistics

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Find point estimate of population standard deviation

The following statistics were found using the 23 gas prices submitted for the project.

n = 23
¯x = $3.25
s = 0.11

In this case the population standard deviation is unknown

a. What is the point estimate of the population mean?

b. What is the point estimate of the population standard deviation?

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Basic Statistics: Find point estimate of population standard deviation

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find point estimate of population standard deviation

Reference No:- TGS0682770

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Interest rates and mortgage re-financings

Q : Confidence interval for the true mean

Q : The goods in process inventory

Q : Geographical differences regarding five issues

Q : Find point estimate of population standard deviation

Q : Tony and suzie first checked with summit bank

Q : Determine the overhead rate used

Q : Prepare a statement of comprehensive income

Q : How to complete at the end of the period

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find point estimate of population standard deviation

Reference No:- TGS0682770

Recent Questions Asked Basic Statistics

Q : Interest rates and mortgage re-financings

Q : Confidence interval for the true mean

Q : The goods in process inventory

Q : Geographical differences regarding five issues

Q : Find point estimate of population standard deviation

Q : Tony and suzie first checked with summit bank

Q : Determine the overhead rate used

Q : Prepare a statement of comprehensive income

Q : How to complete at the end of the period

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