A random sample consists of five observations: 2,4,5,6,8. The point estimate of the population mean is :
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 5
The point estimate of the population mean is the sample mean:
\( \displaystyle \bar{x}=\frac{2+4+5+6+8}{5} \)
\( \displaystyle =\frac{25}{5}=5 \)