A simple random sample of 5 months of sales data provided the following information: Month: 1 2 3 4 5 Units Sold: 94 100 85 94 92 (a) Develop a point estimate of the population mean number of units sold per month. x= (b) Develop a point estimate of the population standard deviation. If required, round your answer to two decimal places. S= Hide Fee

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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A simple random sample of 5 months of sales data provided the following information:
Month:
1 2
3
4 5
Units Sold:
94 100 85 94 92
(a) Develop a point estimate of the population mean number of units sold per month.
x=
(b) Develop a point estimate of the population standard deviation. If required, round your answer to two decimal places.
S=
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Transcribed Image Text:A simple random sample of 5 months of sales data provided the following information: Month: 1 2 3 4 5 Units Sold: 94 100 85 94 92 (a) Develop a point estimate of the population mean number of units sold per month. x= (b) Develop a point estimate of the population standard deviation. If required, round your answer to two decimal places. S= Hide Fee
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