Solved: Find confidence interval rating for stats from a sample, Basic Statistics

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Find confidence interval rating for stats from a sample

A confidence interval for the price of gasoline from a random sample of 40 gas stations in a region gives the statistics below:

y= $4.49, s= $0.27

If we had the same stats from a sample of 80 stations, what would the 95% confidence interval rating be?

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Basic Statistics: Find confidence interval rating for stats from a sample

Reference No:- TGS0682634

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find confidence interval rating for stats from a sample

Reference No:- TGS0682634

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Operating income is anticipated

Q : Relationship between sales calls and actual sales

Q : Estimating the amount of overhead to be allocated

Q : Amy weathervane company manufactures

Q : Find confidence interval rating for stats from a sample

Q : Determine the production-volume overhead variance

Q : Manufacturing company or a seervice company

Q : How large would sample size have to be-cut margin of error

Q : What is its margin of safety ratio

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find confidence interval rating for stats from a sample

Reference No:- TGS0682634

Recent Questions Asked Basic Statistics

Q : Operating income is anticipated

Q : Relationship between sales calls and actual sales

Q : Estimating the amount of overhead to be allocated

Q : Amy weathervane company manufactures

Q : Find confidence interval rating for stats from a sample

Q : Determine the production-volume overhead variance

Q : Manufacturing company or a seervice company

Q : How large would sample size have to be-cut margin of error

Q : What is its margin of safety ratio

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