Confidence interval for the average price of a gallon

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Data from sample of 25 gas stations has a sample mean of $0.06 for a gallon of regular gas. The sample standard deviation is 8.56. Alarmed at the rising gas prices in your town, you decide to estimate the average gas price for a gallon of regular gas.

a) Calculate a 90% confidence interval for the average price of a gallon of regular gas.

Reference no: EM132167088

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