00:01
Hey there, welcome to numerate.
00:03
So we are asked to find the point estimate of the population mean.
00:09
So in order to find a point estimate of the population mean, we're going to take the sample mean.
00:14
So therefore, we have our, for part a, we have the point estimate of the population mean, equaling the sum of x divided by, divided by our sample size.
00:40
We have the sum of x divided by the sample size here in which we have a sample size of 10 houses.
00:52
We calculate this and this gives us a sample mean of around 118 .4.
01:05
118 .4.
01:08
All right, so part b, suppose there are 25 ,000 here, 25 ,000 houses in the area and and we're going to let the, it looks like an r, but it's a greek symbol, denote the total amount of gas used by all the houses during january.
01:30
So this will basically be the n times the sample mean.
01:43
Okay, so i'm looking at here estimate r.
01:47
So this will be based off part b.
01:50
Okay, so we have $25 ,000 multiplied by 118 .4...