A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars: 12208, 28018, 21048, 15302, 13313, 7516, 30976, 22085, 14163, 16900, 17750, 32217, 10372, 14469, 16424, 16730, 20606, 13211, 33560, 13177 a) Use the data to obtain a point estimate for the population mean wedding cost, μ, of all recent U.S. weddings. Note: The sum of the data is 370045. x¯= b) Is your point estimate in part (a) likely equal to μ exactly (yes or no)?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
100%

A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars:

12208, 28018, 21048, 15302, 13313, 7516, 30976, 22085, 14163, 16900,
17750, 32217, 10372, 14469, 16424, 16730, 20606, 13211, 33560, 13177

a) Use the data to obtain a point estimate for the population mean wedding cost, μ, of all recent U.S. weddings. Note: The sum of the data is 370045.

x¯=

b) Is your point estimate in part (a) likely equal to μ exactly (yes or no)?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Chi-squared Tests
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill