Answer: By looking at the sample statistics above, we see that the point estimate for the average number of credits taken per semester by students at this college is 13.65 credits. The median number of credits taken per semester by students at this college is 14 credits.
Answer: By looking at the sample statistics, above, we see that the point estimate for the standard deviation of the number of credits taken per semester by students at this college is 1.91. The IQR is 2.
\[Q_3-Q_1=15-13=2\]
\[Z=\frac{observation-mean}{SD}\] \[Z_{16}=\frac{16-13.65}{1.91}=1.2303665\] \[Z_{18}=\frac{18-13.65}{1.91}=2.2774869\]
Answer: A load of 16 credits is not usually high for this college, since it is within 2 standard deviation of the mean, \(Z_{16}=1.23\). A load of 18 credits is usually high for this college, since it is above the 2 standard deviation of the mean \(Z_{18}=2.277\).
Answer: No, the college counselor should not be surprised while sampling another 100 students and finding their mean to be 14.02. It is normal to find different mean for different samples, since point estimates only approximates the given population not the population as a whole (or the total population), and they tend to vary from one sample to another.
Answer: For this sample mean, which is a point estimates for the mean number of credits taken by all students at that college, we can use the standard error. The standard error for this sample mean is 0.191.
\[SE=\frac{s}{\sqrt{n}}=\frac{1.91}{\sqrt{100}}=0.191\]