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1. A point estimate is defined as:
A) the average of the sample values
B) the average of the population values
C) a single value that is the best estimate of an unknown population parameter
D) a single value that is the best estimate of an unknown sample statistic
2. Your statistics instructor wants you to determine a confidence interval estimate for the mean test score for the next exam. In the past, the test scores have been normally distributed with a mean of 74.2 and a standard deviation of 30.9. A 95% confidence interval estimate if your class has 30 students is:
A) 68.72 to 79.68
B) 13.64 to 134.76
C) 64.92 to 83.48
D) 63.14 to 85.26
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Caselet on McDonald’s vs. Burger King - Waiting time
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Problems on Sampling Variability and Standard Error and Confidence Intervals
Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
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