Question: 3. Monthly Sales Data. A simple random sample of 5 months of sales data provided the following information: Month: 1 2 3 4 5 Units
3. Monthly Sales Data. A simple random sample of 5 months of sales data provided the following information:
Month: 1 2 3 4 5 Units Sold: 94 100 85 94 92
a. Develop a point estimate of the population mean number of units sold per month.
b. Develop a point estimate of the population standard deviation.
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