An analyst from an energy research institute in California wishes to precisely estimate a 99% confidence interval
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An analyst from an energy research institute in California wishes to precisely estimate a 99% confidence interval of the average price of unleaded gasoline in the state. In particular, she does not want the sample mean to deviate from the population mean by more than $0.06. What is the minimum number of gas stations that she should include in her sample if she uses the standard deviation estimate of $0.32, as reported in the popular press? P-69
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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