Question
An art collector bought 20 paintings at an art fair, and wants to know the average price of the paintings she purchased at the fair. She adds the prices of all the paintings and divides this number by 20 to find an average price of $350. Is this price a sample mean or a population mean, and which symbol would be used to denote it?
Select the correct answer below:
- Population Mean μ
- Sample Mean x¯¯¯
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