A bank records deposits as positive numbers and withdrawals as negative numbers.
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Answer:
The point estimate for population mean is 8.129 Mpa.
Step-by-step explanation:
We are given the following in the question:
Data on flexural strength(MPa) for concrete beams of a certain type:
11.8, 7.7, 6.5, 6.8, 9.7, 6.8, 7.3, 7.9, 9.7, 8.7, 8.1, 8.5, 6.3, 7.0, 7.3, 7.4, 5.3, 9.0, 8.1, 11.3, 6.3, 7.2, 7.7, 7.8, 11.6, 10.7, 7.0
a) Point estimate of the mean value of strength for the conceptual population of all beams manufactured
We use the sample mean, as the point estimate for population mean.
Formula:
Thus, the point estimate for population mean is 8.129 Mpa.