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The Automobile Association of America claimed the average number of years car owners keep their car to be 7.25 years. A sample of 100 randomly

The Automobile Association of America claimed the average number of years car owners keep their car to be 7.25 years. A sample of 100 randomly selected car owners are surveyed. The output below shows the analysis based on the sample data. what is the marginof error for a 95% confidence interval?

Sample Data Hypothesized Mean
Mean 7.120 7.25
Variance 0.778 0
Observations 100 100
Hypothesized Mean Difference 0
df 99
t Stat -1.580
P(Tt) one-tail 0.059
t Critical one-tail 1.660
P(Tt) two-tail 0.117
t Critical two-tail 1.984

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