Question

the mean monthly electric bill for 59 residents of the local apartment complex is $65. what is the best point estimate for the mean monthly electric bill for all residents of the local apartment complex?

Answer 1

In linear equation, the best point estimate of mean monthly electric bill is $65 .

What in mathematics is a linear equation?

• A linear equation is a first-order (linear) term plus a constant in the algebraic form y=mx+b, where m is the slope and b is the y-intercept.
• Sometimes, the aforementioned is referred to as a "linear equation of two variables," where x and y are the variables.

The sample mean is an unbiased estimate of the population mean μ.

Thus, the best point estimate of mean monthly electric bill is $65 .

Learn more about linear equation

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