A random sample of bolts is taken from inventory, and their lengths are measured. The average length in the sample is 5.3 inches with a standard deviation of .2 inches. The sample size was 50. The point estimate for the mean length of all bolts in inventory is

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Answer:

[tex]L_x=5.3 inches[/tex]

Step-by-step explanation:

Average length [tex]\=x =5.3 inches[/tex]

Standard deviation [tex]\sigma=0.2 inches[/tex]

Sample size [tex]n=50[/tex]

Generally The point estimate for the mean length of all bolts in inventory is

[tex]L_x= \=x[/tex]

[tex]L_x=5.3 inches[/tex]

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