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The average cost of a gallon of unleaded gasoline in Greater Cincinnati was reported to be $2.41 (The Cincinnati Enquirer, February 3, 2006). During periods of rapidly changing prices, the newspaper samples service stations and prepares reports on gasoline prices frequently. Assume the standard de-viation is $.15 for the price of a gallon of unleaded regular gasoline, and recommend the appropriatesample size for the newspaper to use if they wish to report a margin of error at 95% condence.
a. Suppose the desired margin of error is $.07.b. Suppose the desired margin of error is $.05.c. Suppose the desired margin of error is $.03.
Least squares method of fitting a line ( the line of best fit or the regression line) through the scatter diagram is a method which minimizes the sum of squared vertical deviations
what is the importance of time series
essay
how datas are analysed
Study A Study B Study C x 2 = 1.683 F = 7.357 r = .83 df = 4
1) Here we are given a raw data and we are supposed to construct the frequency distribution of that data and plot the histogram of it. The dataset contains the values from 1 to
1. Consider a room 3 m x 3m x 3m with one façade made of glazing with diffuse transmittance 0.6 and reflectance 0.2. The interior surfaces have a reflectance of 0.5. Consider incid
Quartile Deviation The range as a measure of dispersion discussed above has certain limitations. It is based on two extreme items and it fails to take account of the scatter withi
What is a sole proprietorship? A sole proprietorship is a form of business organization that is owned by one person. The owner is referred to as a sole proprietor. In accoun
Problem 1 Statistics plays a vital role in almost every facet of human life. Statistics. Explain the applications of statistics in business and management. Defining Stati
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