A simple random sample of 5 months of sales data provided the following information:
Month: 1 2 3 4 5
Units Sold: 94 80 85 94 92
(a) Develop a point estimate of the population mean number of units sold per month.
x =
(b) Develop a point estimate of the population standard deviation. If required, round your answer to two decimal places.
s =
ANSWERS ARE NOT 2.98 & 1.46
