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What is the "best" estimate of the population mean? The population median The sample mean The...

What is the "best" estimate of the population mean?

The population median

The sample mean

The sample mean divided by the square root of the sample size

Tossing a fair coin n times

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Answer #1

We know that

Population mean = sample mean

That means

The  "best" estimate of the population mean is the sample mean

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