Question

The mean monthly water bill for 44 residents of the local apartment complex is $104. What is the best point estimate for the mean monthly water bill for all residents of the local apartment complex?

Answer 1

Answer:

$104

Step-by-step explanation:

The computation of the best point estimate for the mean monthly water bill is shown below:

Given that

The mean monthly water bill is $104

and, the number of residents is 44

based on the above information

The best point estimate would be equivalent to the mean monthly water bill i.e. $104

hence, the same would be considered