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. CEO Tenure (in months) 1 12 14 19 12 1. You randomly select a sample of 2 CEOS from the population. The sample you get is CEO 3 and CEO 5. Based on this sample, what is your point estimate of the population mean of tenure? 2 3 45

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**ECO250 Unit 6 In-Class Exercise**

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.

| CEO | Tenure (in months) |
|-----|---------------------|
| 1   | 12                  |
| 2   | 14                  |
| 3   | 6                   |
| 4   | 19                  |
| 5   | 12                  |

1. You randomly select a sample of 2 CEOs from the population. The sample you get is CEO 3 and CEO 5. Based on this sample, what is your point estimate of the population mean of tenure?
Transcribed Image Text:**ECO250 Unit 6 In-Class Exercise** 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. | CEO | Tenure (in months) | |-----|---------------------| | 1 | 12 | | 2 | 14 | | 3 | 6 | | 4 | 19 | | 5 | 12 | 1. You randomly select a sample of 2 CEOs from the population. The sample you get is CEO 3 and CEO 5. Based on this sample, what is your point estimate of the population mean of tenure?
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