PLZ Help! I am confused. The mean monthly car payment for  123 residents of the local apartment complex is $624. ?

The mean monthly car payment for  123 residents of the local apartment complex is  

$624. What is the best point estimate for the mean monthly car payment for all residents of the local apartment complex?

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  • 3 weeks ago

    A point estimate of a population parameter is a single value used to estimate

    the population parameter. For example, the sample mean x is a point estimate

    of the population mean μ.

    Sample mean for 123 residents: $624

    Point estimate of population mean for ALL residents: $624

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