Question
In a meeting, Matt estimates the average miles per gallon (mpg) of the fleet cars is 24mpg. With a certain level of confidence, he announces
In a meeting, Matt estimates the average miles per gallon (mpg) of the fleet cars is 24mpg. With a certain level of confidence, he announces the actual mpg is in the 22 to 26 mpg range. What is the Margin of Error?
- 0.50 mpg
- 4 mpg
- 2 mpg
- 24 mpg
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
