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A 99% t-based confidence interval for the mean price for a litre of gasoline was calculated using a simple random sample of prices from 50
A 99% t-based confidence interval for the mean price for a litre of gasoline was calculated using a simple random sample of prices from 50 gas stations. Given that the 99% confidence interval is $1.06<<$1.32, what is the sample mean price for a liter of gasoline?
A. $1.24
B. $1.19
C. Not Enough Information; we would need to know the variation in the sample of gasoline prices
D. Not Enough Information; we would need to know the variation in the population of gasoline price
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