If a store manager is interested in estimating the mean amount spent per customer per visit at her store, the sample mean would be the approximate point estimate.

Name: If a store manager is interested in estimating the mean amount spent per customer per visit at her store, the sample mean would be the approximate point estimate.
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Question

If a store manager is interested in estimating the mean amount spent per customer per visit at her store, the sample mean  would be the approximate point estimate.

Quizplus · Accepted Answer

The sample mean would provide an approximate point estimate of the population mean amount spent per customer per visit.

If a Store Manager Is Interested in Estimating the Mean