Question

According to Bride's Magazine, getting married these days can be expensive when the costs of the reception, engagement ring, bridal gown, pictures-just to name a few-are included. A simple random sample of 20 recent U.S. weddings yielded the following data on wedding costs, in dollars.
a. Use the data to obtain a point estimate for the population mean wedding cost, μ, of all recent U.S. weddings. The sum of the data is $526,538.
b. Is your point estimate in part (a) likely to equal μ exactly? Explain your answer.


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  • CreatedAugust 13, 2015
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