A simple random sample of 28 observations was taken from a l

A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50. Fifty is a

a. population parameter

b. biased estimate of the population mean

c. sample parameter

d. point estimate

Solution

A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50. Fifty is a d. point estimate