SOLUTION: A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars: 15047, 21014, 16322, 25434, 33645, 31724, 24873, 23989, 11647, 28171, 25893, 20538,

Algebra ->  Probability-and-statistics -> SOLUTION: A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars: 15047, 21014, 16322, 25434, 33645, 31724, 24873, 23989, 11647, 28171, 25893, 20538,      Log On


   

Question 1140013: A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars:
15047, 21014, 16322, 25434, 33645, 31724, 24873, 23989, 11647, 28171,
25893, 20538, 17019, 27236, 27780, 24907, 29327, 9301, 28732, 25927
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 468526.
x¯=

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
Assuming the sum is 468526 for 20, the point estimate is the mean, or the quotient of those two numbers
$23,426.30