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What is the best estimate of the mean price of all the sunglasses on the rack?
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What is the best estimate of the mean price of all the sunglasses on the rack?

What is the best estimate of the mean price of all the sunglasses on the rack?-example-1
User Michael Runyon
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2 Answers

4 votes
$17 is the answer to this problem
.
User Wimpey
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5.6k points
4 votes
The mean of the sample is
(12 +12 +14 +15 +18 +20 +20 +25)/8 = 136/8 = 17

The best estimate of the mean of the population is
$17
User Kammy
by
5.1k points
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