A Do Homework Lidia Lopez Internet Explorer Homework: STA2023 Spring 2017 Sessio

Question

A Do Homework Lidia Lopez Internet Explorer Homework: STA2023 Spring 2017 Session 28 AM Score: 0 of 1 pt. Homework 7.3 Sigma Known 4 8 of 14 complete) nstructor-created question HW Score: 53.33%, 8 15 A simple random sample of 40 Assigned Media EQuestion Help football coaches. salaries of NCAA football coaches has a mean of $415,953. Assume that c $463364, Find the best point estimate of the mean salary of al NCAA a your answer in the answer box and then click Check Answer Clear All parts showing

Explanation / Answer

Concept: A point estimate of a population parameter is a single value of a statistic. The sample mean x is a point estimate of the population mean

Given sample size is 40 and sample mean= $415.953

As per the concept the sample mean is best point estimate for population mean we can say that

Best point estimate of the mean salary of all NCAA Football coaches is $415.953

Answer: $415.953

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