Point estimation for the mean of the population


A New York restaurant would like to estimate the average amount customers spend for dinner. A sample of size 49 customers resulted an average of $32.60. Assume the population standard deviation is $5.

What is the point estimation for the mean of the population?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Point estimation for the mean of the population
Reference No:- TGS0839513

Expected delivery within 24 Hours