The _____ is a point estimate of the population mean for the variable of interest. a. sample mean b. geometric mean c. median d.
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We need to find out how much 17 percent of 2,500 is, and then subtract that amount by 2,500. We can use proportions to use this. We can set up a fraction with x/2500 and another fraction with 17/100. Then, we need to cross multiply. This gives us 42,500. Next, we can divide by 100. This gives us 425. We know that they will save $425 if they decrease their energy use by 17%. We now need to subtract $425 from $2,500. This gives us $2,075. If the company is successful in decreasing their energy use by 17%, their bill would be $2,075.
