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Gwar [14]
3 years ago
15

The mean monthly car payment for 121 residents of the local apartment complex is $372. What is the best point estimate for the m

ean monthly car payment for all residents of the local apartment complex
Mathematics
1 answer:
rodikova [14]3 years ago
7 0

Answer:

Needed point estimate is $372

Step-by-step explanation:

Given:

Number of houses in resident area = 121

Monthly mean car payment = $372

Find:

Best point estimate for the mean monthly car payment

Explanation:

The "best point estimate" for such average monthly automobile payment for all inhabitants of the nearby apartment complex is used as the "sample mean." In this example, a $372 sample was obtained on 121 residents.

As a result, the needed point estimate is $372.

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