The Following Data Was Collected from a Simple Random Sample

question 53

Multiple Choice

The following data was collected from a simple random sample of a population. The point estimate of the population mean

• A) cannot be determined, since the population size is unknown.
• B) is 18.4.
• C) is 18.
• D) is 92.

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Definitions:

Commuter

A person who travels some distance to work on a regular basis.

Public Transportation

Systems of transport available to the public, including buses, trains, and subways, for traveling within and between areas.

Tax-Deferred Retirement Plan

A savings plan that allows individuals to invest money for retirement while deferring taxes on the earnings until withdrawal.

Annual Return

The percentage change in an investment's value over a year, accounting for dividends, interest, and capital gains.