Question
The Lundberg Survey monitors gas prices at gas stations nationwide.In a recent month,Lundberg reported that the average regular gas price for the stations it surveyed
The Lundberg Survey monitors gas prices at gas stations nationwide.In a recent month,Lundberg reported that the average regular gas price for the stations it surveyed was $3.40per gallon.Assume the populationdistribution of gas pricesis normal. The sample size was 11 stations. Because the population standard deviation is unknown, the researchers calculated a sample standard deviation of $.14.Please build a 90% confidence interval estimate of the average price of a gallon of gas for the population of gas stations nationwide. Please round your final answer to the nearest penny.
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