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An College student complained that the cost of textbooks was too high. She randomly surveyed 36 other students and found that the mean amount of money spent for textbooks was $121.60. If the standard deviation of the population was $6.36, find the best point estimate. Show your work.

Respuesta :

Answer:

The best point estimate for the mean amount of money spent for textbooks for all students at the College is of $121.60.

Step-by-step explanation:

Best point estimate:

The best point estimate of a population mean is the sample mean.

In this question:

The sample mean amount of money spent for textbooks was $121.60, which means that the best point estimate for the mean amount of money spent for textbooks for all students at the College is of $121.60.

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