A car company wants to know the monthly sales made in ($000), based on the brand of vehicle. The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below was subsequently...


A car company wants to know the monthly sales made in ($000), based on the brand of vehicle.  The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below was  subsequently generated.


Exhibit 2
































ModelNMeanMedianTri MeanSTD DevSE Mean
Hyundai23109135107.64*1.34
Toyota27165124143.659.5**



a) Determine the values of * and **.


b) Give the unbiased point estimate for the average monthly earning from Hyundai Vehicles.
c) Give the unbiased point estimate for the variance of monthly earning from Hyundai Vehicles.




Jun 03, 2022
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