The Following Information Was Collected from a Simple Random Sample

question 16

Multiple Choice

The following information was collected from a simple random sample of a population. 16
19 18 17 20 18
The point estimate of the mean of the population is

• A)18.0
• B)19.6
• C)108
• D)sixteen, since 16 is the smallest value in the sample

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Definitions:

Retains Earnings

The portion of a company's profits that are kept or withheld from shareholders to reinvest in the business or pay off debt.

Net Worth

The total assets minus total liabilities of an individual or company, indicating financial health.

Shareholders

Individuals or entities that own shares in a corporation, entitling them to a portion of its earnings and assets.

Retained Earnings

The portion of a company's profits that is kept or retained within the company instead of being paid out to shareholders as dividends.