A random sample of 15 parking meters in a beach community showed the following incomes for...

A random sample of 15 parking meters in a beach community showed the following incomes for a day. Assume the incomes are normally distributed.

$1.90 $3.60 $4.50 $2.80 $3.40 $6.30 $2.60 $5.20 $6.75 $8.50 $4.25 $8.00 $3.00, $4.75, $5.00

a.) Find the point estimate for estimating population variance.

b.) Find the point estimate for estimating population mean.

Expert Solution

orchestra answered 2 years ago

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