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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?
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5 votes
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
asked
User Michael Runyon
by
8.7k points

2 Answers

4 votes
$17 is the answer to this problem
.
answered
User Wimpey
by
8.7k 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
answered
User Kammy
by
7.5k points
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