a simple random sample of 31 observations was taken from a large population. the sample mean equals 5. five is a group of answer choices population parameter point estimate population mean standard error

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24-11-2022
Mathematics

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a simple random sample of 31 observations was taken from a large population. the sample mean equals 5. five is a group of answer choices population parameter point estimate population mean standard error

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YashBhattar YashBhattar · Answer 1 · 2022-12-04T06:42:43-05:00

If a simple random sample of 31 observations was taken from a large population. The sample mean equals 5 then the five is a point estimate

Total number of population = 31 observations

Sample mean of the population = 5

Sample mean is the average value of the sample that is selected from a large population of data.

The point estimate is defined as the single value estimate of the parameter. Point estimate is usually use when we have to choose single value from a larger population, that should be the best estimate to represents the parameter.

Here the sample mean of population is 5

Therefore, five is a point estimate

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