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A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars: 22187, 29616, 22000, 18073, 19688, 19909, 24431, 27763,
A random sample of 20 U.S. weddings yielded the following data on wedding costs in dollars: 22187, 29616, 22000, 18073, 19688, 19909, 24431, 27763, 14843, 22918, 17886, 23020, 24295, 23394, 7448, 6717, 7278, 19348, 12701, 25043 a) Use the data to obtain a point estimate for the population mean wedding cost, , of all recent U.S. weddings. Note: The sum of the data is 388558. = = b) Is your point estimate in part (a) likely equal to exactly (yes or no)?
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Quantitative Methods For Business Management And Finance
Authors: Louise Swift, Sally Piff
2nd Edition
1403935289, 9781403935281
