The mean of 9 sales was recorded as $47.50.
One sales slip is missing and the remaining 8 were
$32.53, $12.78, $43.61, $52.16, $36.75, $40.56, $41.78, $42.15.
Find the value of the missing slip
Solution: We have that
Stats Solution Summary
The use of descriptive statistics can be crucial at the time of understanding the basic distributional properties of a distribution