Suppose taxi fare from Logan Airport to downtown Boston is known to be normally distributed with a standard deviation of $2.50.The last seven times John has taken a taxi from Logan to downtown Boston,the fares have been $22.10,$23.25,$21.35,$24.50,$21.90,$20.75,and $22.65.What is a 95% confidence interval for the population mean taxi fare?
A) [$17.4571,$27.2571]
B) [$20.5051,$24.2091]
C) [$20.8027,$23.9115]
D) [$21.6571,$23.0571]
Correct Answer:
Verified
Q31: For a given confidence level and population
Q37: A sample of a given size is
Q41: A website advertises job openings on its
Q42: The mortgage foreclosure crisis that preceded the
Q45: In an examination of holiday spending (known
Q46: Professors of accountancy are in high demand
Q48: The mortgage foreclosure crisis that preceded the
Q52: Confidence intervals of the population mean may
Q55: For a given sample size and population
Q70: The confidence intervals for the population proportion
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