A sample of 5 months of sales data provided the following information: Month 1 2 3 4 5
Units Sold 97 120 88 97 93

Required:
a. Develop a point estimate of the population mean number of units sold per month (to 1 decimal).
b. Develop a point estimate of the population standard deviation (to 2 decimals).

a. 99

b. 12.31

Step-by-step explanation:

a. Estimate of the population mean number of units sold per month

n = Number of Data Values = 5

Sum of Data Values = Σxi =97 + 120 + 88 + 97 + 93 =  495

Sample Mean = X = Σxi/n = 495 / 5 = 99

The population mean number of units sold per month is 99

b. Estimate of the population standard deviation

Month    Data (x)     X    x - X    (x - X)^2

   1             97          99     -2         4

   2            120        99      21       441

   3             88         99      -11       121

   4             97         99      -2        4

   5             93         99      6         36

Sum of deviation squared          606

s^2 = Sample Variance = Σ(xi - X)2/(n - 1)

Sample Variance = 606/4 = 151.5

Sample Standard Deviation = √Sample Variance

Sample Standard Deviation = √151.5

Sample Standard Deviation = 12.30853362509117

Sample Standard Deviation = 12.31

The point estimate of the population standard deviation is 12.31

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

both graphs increase on their domain

neither graph has a y-intercept

step-by-step explanation:

the following points can be visualized easily from the graph