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Develop a point estimate of the proportion of the

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A simple random sample of 5 months of sales data provided the following information: Month: 1 2 3 4 5 Units Sold: 94 100 85 94 92 a. Develop a point estimate of the population mean number of units sold per month. b. Develop a point estimate of the population standard deviation. 14. BusinessWeek published information on 283 equity mutual funds (BusinessWeek, January 26, 2004). A sample of 40 of those funds is contained in the data set MutualFund. Use the data set to answer the following questions.

a. Develop a point estimate of the proportion of the BusinessWeek equity funds that are load funds.

b. Develop a point estimate of the proportion of funds that are classified as high risk.

c. Develop a point estimate of the proportion of funds that have a below-average risk rating.

Reference no: EM13578237

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