- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 5. Sampling and Estimation
- Subject 4. Point Estimates of the Population Mean

###
**CFA Practice Question**

Seventy-five employees from a large company were randomly surveyed with regard to the length of time they have been working for the company. The sample revealed a mean of 8.2 years and a standard deviation of 2.3 years.

What is the value of the point estimate of the population mean?

A. 75 years

B. 8.2 years

C. 2.3 years

###
**User Contributed Comments**
1

User |
Comment |
---|---|

Bibhu |
Sample mean is a good estimator of population mean so 8.2 is the answer. |