Question: A random sample of 10 economists produced the following forecasts

A random sample of 10 economists produced the following forecasts for percentage growth in real gross domestic product in the next year:
2.2 2.8 3.0 2.5 2.4 2.6 2.5 2.4 2.7 2.6
Use unbiased estimation procedures to find point estimates for the following:
a. The population mean
b. The population variance
c. The variance of the sample mean
d. The population proportion of economists predicting growth of at least 2.5% in real gross domestic product

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  • CreatedJuly 07, 2015
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