Questions: Calculate the point estimate of the population mean: Find point estimate if N=36 standard deviation 1.81 barx=5.06 at 99% confidence: internal

Solution Steps

To calculate the point estimate of the population mean, we use the sample mean \(\bar{x}\). The point estimate is simply the sample mean itself.

1. Identify the sample mean \(\bar{x}\).
2. The point estimate of the population mean is the sample mean \(\bar{x}\).

The sample mean \(\bar{x}\) is given as 5.06.

The point estimate of the population mean is the sample mean itself, which is \(\bar{x} = 5.06\).

Final Answer