Question

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There were 364 bank robberies in the UK over a 7-year period. The following table showcases a portion of the data collected: Mean Std. Dev 20,330.50 53,510.20 Variable Amount (pounds sterling Number of bank staff present Number of customers present Number of bank raiders Travel time, from bank to nearest police station 4.557 5.417 2 1.637 4.336 3.684 0.971 4.028 A) Identify and interpret a point estimate for the mean of each of the five aforementioned variables

Answer 1