Question

A sample of 30 of 178 funded projects revealed that 12 were valued at $17,360 each and 18 were valued at $20,280 each. From the sample data, estimate the total value of the funding for all the projects. (Enter your answers to two decimal places.)
$ .

Answer 1

40% were valued at $17,360 each

60% were valued at $20,280 each

0.4 * 178 * $17,360 = ?

0.6 * 178 * $20,280 = ?

Add the totals to find the total value.

Answer 2

thank you, but the answer is wrong.I had the last answer right but wrong on the top is why it would never work out for me. When I add the above up it comes to 37640 and that is wrong so I added 37640.00 and that is wrong also. Any suggestions?

Answer 3

0.4 * 178 * $17,360 = 1,236,032
0.6 * 178 * $20,280 = 2,165,904

1,236,032 + 2,165,904 = $ 3,401,936