A technology start-up company has had 5 different CEOs since it was fo

A technology start-up company has had 5 different CEOs since it was founded. The tenures of these CEOs – the number of months that they held the position – are given in the table below. These 5 CEOs are the population you are interested in.CEOTenure (in months)112214364195121. You randomly select a sample of 2 CEOs from the population. The sample you get is (CEO3, CEO4). Based on this sample, what is your point estimate of the population mean of tenure?2. Calculate the sampling error of the point estimate you found in question 1. Are you underestimating or overestimating the population mean?

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A technology start-up company has had 5 different CEOs since it was fo

A technology start-up company has had 5 different CEOs since it was founded. The tenures of these CEOs – the number of months that they held the position – are given in the table below. These 5 CEOs are the population you are interested in.CEOTenure (in months)112214364195121. You randomly select a sample of 2 CEOs from the population. The sample you get is (CEO3, CEO4). Based on this sample, what is your point estimate of the population mean of tenure?2. Calculate the sampling error of the point estimate you found in question 1. Are you underestimating or overestimating the population mean?

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