The milk prices in quarts) from a sample of 9 convenience stores in Chattanooga, Tennessee are shown below.
$\begin{array}{ll}\text { Store\# }&\text { Price Per Quart } x \text { ) }\
1 & \$ 1.14 \
2 & \$ 1.19 \
3 & \$ 1.25 \
4 & \$ 1.21 \
5 & \$ 1.17 \
6 & \$ 1.19 \
7 & \$ 1.22 \
8 & \$ 1.24 \
9 & \$ 1.19
\end{array}$
a. What is the point estimate for the prices of all convenience stores in Chattanooga?
b. What is the point estimate for the standard deviation of the population?

Question

The milk prices in quarts) from a sample of 9 convenience stores in Chattanooga, Tennessee are shown below.
 $\begin{array}{ll}\text { Store\# }&\text { Price Per Quart } x \text { ) }\
1 & \$ 1.14 \
2 & \$ 1.19 \
3 & \$ 1.25 \
4 & \$ 1.21 \
5 & \$ 1.17 \
6 & \$ 1.19 \
7 & \$ 1.22 \
8 & \$ 1.24 \
9 & \$ 1.19
\end{array}$ 
a. What is the point estimate for the prices of all convenience stores in Chattanooga?
b. What is the point estimate for the standard deviation of the population?

Quizplus · Accepted Answer

The Answer of The milk prices in quarts) from a sample of 9 convenience stores in Chattanooga, Tennessee are shown below.
 $\begin{array}{ll}\text { Store\# }&\text { Price Per Quart } x \text { ) }\
1 & \$ 1.14 \
2 & \$ 1.19 \
3 & \$ 1.25 \
4 & \$ 1.21 \
5 & \$ 1.17 \
6 & \$ 1.19 \
7 & \$ 1.22 \
8 & \$ 1.24 \
9 & \$ 1.19
\end{array}$ 
a. What is the point estimate for the prices of all convenience stores in Chattanooga?
b. What is the point estimate for the standard deviation of the population?

The Milk Prices in Quarts) from a Sample of 9