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typed out answers only 00 C D E A B Sales Data F Month Point Estimates 1 2 3 4 5 6 Formulas Used Units
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00 C D E A B Sales Data F Month Point Estimates 1 2 3 4 5 6 Formulas Used Units Sold 1 98 2 100 3 83 4 98 5 91 Mean (1 decimal) #N/A 7 Standard Deviation (2 decimal) #N/A 0 8 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A sample of 5 months of sales data can be found in Excel below: X Open spreadsheet a. Develop a point estimate of the population mean number of units sold per month (to 1 decimal). b. Develop a point estimate of the population standard deviation (to 2 decimals) Step by Step Solution
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