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    Interpretation of Population Mean with No Standard Deviation

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    Estimate and interpret a population mean with the population standard deviation unknown.

    © BrainMass Inc. brainmass.com October 9, 2019, 10:15 pm ad1c9bdddf
    https://brainmass.com/statistics/confidence-interval/interpretation-population-mean-standard-deviation-213817

    Solution Preview

    See the attached file.
    With the data below can you tell me how I would estimate and interpret a population mean with the population standard deviation unknown?

    Title Gross ($)
    in Millions

    Aliens 81.843
    Armageddon 194.125
    As Good As It Gets 147.54
    Braveheart 75.6
    Chasing Amy 12.006
    Contact 100.853
    Dante's Peak 67.155
    Deep Impact 140.424
    Executive Decision 68.75
    Forrest Gump 329.691
    Ghost 217.631
    Gone with the Wind 198.571
    Good Will Hunting 138.339
    Grease 181.28
    Halloween 47
    Hard Rain 19.819
    I Know What You Did Last Summer 72.219
    Independence Day 306.124
    Indiana Jones and the Last Crusade 197.171
    Jaws 260
    Men in Black 250.147
    Multiplicity 20.1
    Pulp Fiction 107.93
    Raiders of the Lost Ark 242.374
    Saving Private ryan 178.091
    Schindler's List 96.067
    Scream 103.001
    Speed 2:Cruise Control 48.068
    Terminator 36.9
    The American President 65
    The Fifth Element 63.54
    The Game 48.265
    The Man in the Iron Mask 56.876
    Titanic 600.743
    True Lies 146.261
    Volcano 47.474

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    Solution Summary

    The solution estimates and interprets a population mean with the population standard deviation being unknown.

    $2.19