Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fuel Economy, SUV ~ The Environmental Protection Agency (EPA) publishes fuel economy values that are known to be good estimates of the fuel economy a

Fuel Economy, SUV ~ The Environmental Protection Agency (EPA) publishes fuel economy values that are known to be good estimates of the fuel economy a typical driver will achieve under average driving conditions. One of the fuel economy values the EPA publishes is a combined estimate, which represents a combination of city driving (55%) and highway driving (45%).A large car rental company has 12 Ford Explorers in their fleet. They collected fuel economy data from these cars and calculated the sample mean to be 24.85 mpg and sample standard deviation as 0.46 mpg.1. The car rental company is willing to assume that the conditions are met for constructing a confidence interval. Use the collected data to construct a 90% confidence interval for the mean combined fuel economy for Ford Explorers.( , )2. If the car rental company wants to estimate the mean combined fuel economy at 90% confidence with a margin of error of no more than 0.25 mpg, how large a sample would they need?Use a t* value rounded to three decimal places and the sample information above to calculate your answer. Your answer should be an integer value.n=n= 3. A competing car rental company decides to construct a 99% confidence interval for the mean combined fuel economy of the Chevy Equinox using the 24 cars in their fleet as a sample. They obtain an interval of (29.33,30.92). Assume that conditions have been met for constructing this interval and indicate whether each of the statements below is or is not an appropriate interpretation of this confidence interval.

  1. ? appropriate not appropriate We can be confident that 99% of Chevy Equinoxes have a combined fuel economy between (29.33, 30.92).
  2. ? appropriate not appropriate We can be 99% confident that the true mean combined fuel economy for the Chevy Equinox is between (29.33, 30.92).
  3. ? appropriate not appropriate If the company were able to obtain 100 random samples of 24 Chevy Equinoxes and used each of the samples to construct a 99% confidence interval, we would expect approximately 99 of those intervals to include the true mean combined fuel economy for this car.

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

College Geometry Using The Geometer's Sketchpad

Authors: Barbara E Reynolds, William E Fenton

1st Edition

1118213408, 9781118213407

More Books

Students also viewed these Mathematics questions

Question

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago