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A simple random sample of months of sales data provided the following information: Month: 1 2 3 4 5 Units Sold: 99 100 86 99
A simple random sample of months of sales data provided the following information:
Month: | 1 | 2 | 3 | 4 | 5 | ||||||
Units Sold: | 99 | 100 | 86 | 99 | 91 |
a. Develop a point estimate of the population mean number of units sold per month.
b. Develop a point estimate of the population standard deviation (to decimals).
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