A Simple Random Sample of 11 Observations from a Population

question 47

Short Answer

A simple random sample of 11 observations from a population containing 400 female soccer players was taken, and the following values were obtained.
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48 53 72 56 63 64 56 76 50 46 73
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What is the value of the point estimate of the population mean?

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Definitions:

Merchandise

Goods or products that are bought, sold, or traded in the course of business operations.

Payment

The transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a contractual obligation.

Discount

denotes a reduction in the price of goods or services typically offered for promotional reasons or to certain groups of customers.

Supplier

An individual or company that provides goods or services to another entity under terms specified in a contract.