Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bob Nale is the owner of Nales Quick Fill. Bob would like to estimate the mean number of gallons of gasoline sold to his customers.
Bob Nale is the owner of Nales Quick Fill. Bob would like to estimate the mean number of gallons of gasoline sold to his customers. Assume the number of gallons sold follows the normal distribution with a population standard deviation of 1.80 gallons. From his records, he selects a random sample of 80 sales and finds the mean number of gallons sold is 6.70. a. What is the point estimate of the population mean? (Round your answer to 2 decimal places.) b. Develop a 95% confidence interval for the population mean. (Use z Distribution Table.) (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started