A Simple Random Sample of 5 Observations from a Population

question 74

Multiple Choice

A simple random sample of 5 observations from a population containing 400 elements was taken, and the following values were obtained.12 18
19
20
21
A point estimate of the mean is

• A)400
• B)18
• C)20
• D)10

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Definitions:

Percent More

A relative increase from one value to another expressed as a percentage.

Initial Value

The starting value of a financial variable before any changes, such as interest or depreciation, are applied.

Percent Change

The measure of how much a quantity grows or shrinks compared to its previous value, often expressed as a percentage.

Equity Mutual Fund

A type of mutual fund that invests primarily in stocks, aiming to provide investment returns that correlate with the performance of the stock market.