Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An automobile An automobile club reported that the average price of regular gasoline in a certain state was $2.61 per gallon. The following data show

An automobile

image text in transcribedimage text in transcribed
An automobile club reported that the average price of regular gasoline in a certain state was $2.61 per gallon. The following data show the price per gallon of regular gasoline for 15 randomly selected stations in the state. Complete parts a through c below. 2.54 2.66 2.59 2.53 2.62 2.69 2.64 2.62 2.54 2.51 2.75 2.53 2.63 2.61 2.72 The 95% confidence interval to estimate the average price per gallon of gasoline in the state is from $ to S (Round to the nearest cent.) b. Do the results from this sample validate the automobile club's findings? O A. Since the population mean, $2.61, is contained within the 95% O B. Since the population mean, $2.61, is not contained within the 95% confidence interval, it can be said with 95% confidence that the sample confidence interval, it can be said with 95% confidence that the sample validates the automobile club's findings. validates the automobile club's findings. O C. Since the population mean, $2.61, is not contained within the 95% O D. Since the population mean, $2.61, is contained within the 95% confidence interval, it can be said with 95% confidence that the sample confidence interval, it can be said with 95% confidence that the sample does not validate the automobile club's findings. does not validate the automobile club's findings.e. What assumptions need to be made about this population? C} A. The only assumption needed is that the population distribution is approximately normal. C) E. The only assumption needed is that the population standard deviation is known. C} C. The only assumption needed is that the population distribution is approximately uniform. O D. No assumptions are required

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Algebra

Authors: Charles P McKeague

3rd Edition

ISBN: 1483263843, 9781483263847

More Books

Students also viewed these Mathematics questions

Question

What do you think of the MBO program developed by Drucker?

Answered: 1 week ago