Assume that we want to estimate the mean annual income of adult males in the United States.
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Assume that we want to estimate the mean annual income of adult males in the United States. If a random sample of annual incomes of adult males is obtained, which of the following is the best estimate of the population mean?
a. Median of the sample
b. Mean of sample
c. Standard deviation of sample
d. Range of sample
e. The sample proportion
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The best estimate of the population mean is the mean ...View the full answer
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Related Book For
Statistical Reasoning For Everyday Life
ISBN: 978-0134494043
5th Edition
Authors: Jeff Bennett, William Briggs, Mario Triola
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