mileage tests were conducted on a randomly selected sample of 100 newly developed automobile tires. The average tread wear was f
ound to be 50,000 miles with a standard deviation of 3,500 miles. What is the best estimate of the average tread life in miles for the population of these tires?
We know that the sample mean is the best point- estimate of the population mean .
Given : In sample of 100 newly developed automobile tires, the average tread wear was found to be 50,000 miles and with a standard deviation of 3,500 miles.
i.e.
s=3,500 miles.
Then, the best estimate of the average tread life in miles for the population of these tires is 50,000 miles.