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Subject:
Statistics point estimate margin of error
Category: Reference, Education and News > Homework Help Asked by: rickyraiborde-ga List Price: $10.00 |
Posted:
06 Dec 2005 11:44 PST
Expires: 07 Dec 2005 19:57 PST Question ID: 602250 |
The owner of a large fleet of taxis is trying to estimate the average consumption of gasoline. Assume that the consumption has a normal distribution. A random sample of 10 taxis is taken. The sample indicates that an average value of the miles per gallon is 31 and a sample standard deviation of 28.6 miles per gallon. (1) What is the point estimate of the average miles per gallon of all taxis in his fleet. (2)at 90% confidence, what is the margin of error? (3)develop a 90% confidence interval estimate of the average miles per gallon of all taxis in his fleet |
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