Question

the mean monthly water bill for 82 residents in a local apartment complex is 137 dollars. what is the best point estimate for the mean monthly water bill for all residents of the local apartmemt complex?

Answer 1

From the information given, the mean monthly water bill for 82 residents in a local apartment complex is 137 dollars. The best estimate for the mean monthly water bill is the sample mean. Since 137 dollars is the sample mean, the correct answer is 137