Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bob Nale is the owner of Nale's Quick Fill Bob would like to estimate the mean number of gallons of gasoline sold to his customers

image text in transcribed
Bob Nale is the owner of Nale's 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 230 gallons From records, he selects a random sample of 70 sales and finds the mean number of gallons sold is 570. (Use Distribution Table Distribution Table) Required: n. What is the point estimate of the population mean? (Round your answer to 2 decimal places.) 8.07 b. Develop a 98% confidence interval for the population mean (Round 2-score and your answers to 2 decimal places) Cance interval 7.84 and 9.36

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

The ASQ Certified Quality Auditor Handbook

Authors: Lance B Coleman

5th Edition

1951058097, 978-1951058098

More Books

Students also viewed these Accounting questions

Question

=+What is your personal mission statement?

Answered: 1 week ago