Energy research institute in california


An analyst from an energy research institute in California wishes to precisely estimate a 99% confidence interval of the average price of unleaded gasoline in the state. In particular, she does not want the sample mean to deviate from the population mean by more than $0.06. What is the minimum number of gas stations that she should include in her sample if she uses the standard deviation estimate of $0.32, as reported in the popular press?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Energy research institute in california
Reference No:- TGS0737939

Expected delivery within 24 Hours