Janelle has $75. She buys jeans that are discounted 30% and then uses an in-store coupon for $10 off the discounted price. After
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Answer:
Step-by-step explanation:
Given
Solving (a); Point estimate of mean
To do this, we simply calculate the sample mean
Solving (b); Point estimate of standard deviation
To do this, we simply calculate the sample standard deviation
<em>Note that: The sample mean and the sample standard deviation are the best point estimators for the mean and the standard deviation, respectively.</em>
<em>Hence, the need to solve for sample mean and sample standard deviation</em>