1
answer
0
watching
117
views
11 Dec 2019
George Smits owns George's Joint, a gas station and convenience store. George is trying to get a better understanding of his business and wants to estimate the mean number of gallons of gasoline sold to his customers. Assume the number of gallons of gasoline sold follows a normal distribution with a population standard deviation of 2.3 gallons. From these records, he randomly selects 60 sales and finds the mean number of gallons sold is 8.6
What is the point estimate of the population mean?
George Smits owns George's Joint, a gas station and convenience store. George is trying to get a better understanding of his business and wants to estimate the mean number of gallons of gasoline sold to his customers. Assume the number of gallons of gasoline sold follows a normal distribution with a population standard deviation of 2.3 gallons. From these records, he randomly selects 60 sales and finds the mean number of gallons sold is 8.6
What is the point estimate of the population mean?
SumantLv10
1 Feb 2021
