PSUnit IV Lesson 1 Computing The Point Estimate of A Population Mean
PSUnit IV Lesson 1 Computing The Point Estimate of A Population Mean
OF A POPULATION MEAN
Lesson Objectives
Assuming that the measurements were carefully obtained and that the
only kind of error present is the sampling error, what is the point
estimate of the population mean?
Solution Using Excel
1. Encode the data in the cells proceeding from cell A1 to cell A10.
2. Select the data.
3. Click the insert function fx. The Insert Function dialog will box
appear.
4. In the Insert Function dialog box, click the arrow to select a
category. A drop window will appear. In this window, click
Statistical.
5. In the Insert Function dialog box, there is another window
labeled Select a function. Click AVERAGE. At the bottom of the
box, click OK.
6. Another dialog box will appear. This is the Function Arguments
box. There are two smaller windows in the box labeled Number
1 and Number 2. In the window Number 1, write A1:A10. The
computer reads the numbers encoded in Column A Row 1,
Column A Row 2, and so on to Column A Row 10.
Steps Using Excel
7. Copy the Formula result in the dialog box. For the encoded data
of sample 1, the result is 498. Then click OK.
8. Repeat the procedure for the other samples.
9. Compute the mean of the means also called overall means. This
is the point estimate of μ.
Solution Using Manual Estimation