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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% con dence.
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.
a business was started on January 1, 2011 and $1000 of supplies to use in the business. At the end of the month 25% of the supplies remains unpaid and 20% are still on hand. what a
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We have two applicants who are applying for a job. They both took the high school exit exam, but different ones. Shannon took the ACT and scored 26, Frank took the SAT scored 1350.
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A researcher working for a drug company is interested in investigating the effect of storage on the potency of one of the company's drugs. 10 freshly produced bottles of the drug a
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