Question

The Cambridge Power and Light Company selected a random sample of 20 residential customers. Following are the amounts, to the nearest dollar, the customers were charged for electrical service last month:
53 49 54 50 21 46 75 45 63 76 61 63 36 34 54 63 37 62 66 62
(a) Compute the arithmetic mean.(Round your answer to 2 decimal places. Omit the "$" sign in your response.)
The mean is $
(b) Indicate whether it is a statistic or a parameter.

Answer 1

Answer:

a) the mean is $53.50

b) it is a statistic

Step-by-step explanation:

mean = ∑fx/∑f

∑f = 20

mean = (sum of the terms) ÷ (number of terms)

mean = (53+49+54+50+21+46+75+45+63+76+61+63+36+34+54+63+37+62+66+62) ÷ 20 = 1070/20

=$53.50

b) it is statistics because it is a random sample of 20 residential customers not the actual population