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Each year 50 randomly selected haque & slash hair styling franchises are surveyed to determine: (1) the average annual earnings per franchise and (2) the proportion of franchises that earn at least $10,000 annually. the survey records x, the annual earning per franchise. within the context of this problem, what would be a possible definition for µ?

Answer :

Kalahira
µ, or the population mean, may be defined as the average annual earning of all Haque & Slash hair styling franchises. x measures only the average annual earnings of the 50 randomly selected Haque & Slash hair styling franchises.

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