In: Statistics and Probability
A simple random sample of 5 months of sales data provided the following information:
Month: | 1 | 2 | 3 | 4 | 5 |
Units Sold: | 94 | 85 | 85 | 94 | 92 |
(a) | Develop a point estimate of the population mean number of units sold per month. |
x = | |
(b) | Develop a point estimate of the population standard deviation. If required, round your answer to two decimal places. |
s = |