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Using the data set of fuel prices below, explain what the confidence interval means in this scenario and how this data can be used. And
Using the data set of fuel prices below, explain what the confidence interval means in this scenario and how this data can be used. And then compare how the results vary between the different data sets. The confidence interval of this set is (6.121,6.977)
$ 4.47 |
$ 4.86 |
$ 6.38 |
$ 7.97 |
$ 6.35 |
$ 8.39 |
$ 5.54 |
$ 5.87 |
$ 5.64 |
$ 7.34 |
$ 4.40 |
$ 5.18 |
$ 8.13 |
$ 7.01 |
$ 8.35 |
$ 6.37 |
$ 8.42 |
$ 5.38 |
$ 5.93 |
$ 6.82 |
$ 6.40 |
$ 7.73 |
$ 5.09 |
$ 8.14 |
$ 5.38 |
$ 7.57 |
$ 7.04 |
$ 6.87 |
$ 7.30 |
$ 6.16 |
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