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Solve the following problems. Write your answer on your answer sheet. 1. You want to estimate the mean gasoline price within your town to the

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Solve the following problems. Write your answer on your answer sheet. 1. You want to estimate the mean gasoline price within your town to the margin of error of 5 centavos. Local newspaper reports the standard deviation for gas price in the area is 25 centavos. What sample size is needed to estimate the mean gas prices at 95% confidence level? 2. Carlos wants to replicate a study where the highest lowest observed value is 13.8 while the lowest is 13.4. He wants to estimate the population mean p to the margin of error of 0.025 of its true value. Using 99% confidence level, find the sample size n that he needs

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