The national average price for regular gasoline was recently reported to be $3.29 per gallon. The standard deviation for the price of regular gasoline was $0.12. A random sample of 33 gas stations had an average price of $3.26. Which of the following statements is correct?
A) The interval that contains 95% of the sample means is $3.25 and $3.33. Because the sample
B) The interval that contains 95% of the sample means is $3.20 and $3.38. Because the sample mean is between these two values, we do not have support that the average price for regular gasoline is $3.29
C) The interval that contains 95% of the sample means is $3.23 and $3.35. Because the sample mean is between these two values, we do not have support that the average price for regular gasoline is $3.29.
D) The interval that contains 95% of the sample means is $3.17 and $3.41. Because the sample mean is between these two values, we have support that the average price for regular gasoline is $3.29.
Correct Answer:
Verified
Q22: For a sample size of two or
Q23: The statistical technique where many samples are
Q24: A recent study reported that 28% of
Q25: According to Net Market Share, Microsoft's Internet
Q26: According to comScore, Facebook users spent an
Q28: The Central Limit Theorem requires
A)the resampling technique
Q29: As the size of the sample increases,
Q30: Recently, the average amount of time to
Q31: A statistics class has 140 students of
Q32: A key metric in the cell phone
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents