P0tential P0tential

22-05-2018
Mathematics

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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 class=

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22-05-2018

$17 is the answer to this problem
.

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sqdancefan sqdancefan

22-05-2018

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

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