A sample of 23 of 171 funded projects revealed that 1

A sample of 23 of 171 funded projects revealed that 11 were valued at $18,000 each and 12 were valued at $20,940 each. From the sample data, estimate the total value of the funding for all the projects. (Enter your answers to two decimal places.)

Solution

p1=11/23=0.4782 x1=18000

p2=12/23=0.5217 x2=20940

x=(p1x1+p2██) = █████████████████

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