A consumer advocacy group is doing a large study on car rental practices. Among other things, the consun mean monthly mileage, μ, of cars rented in the U.S. over the past year. The consumer group plans to choos rental car mileages and then estimate μ using the mean of the sample. Using the value 700 miles per month as the standard deviation of monthly U.S. rental car mileages from t sample size needed in order for the consumer group to be 99% confident that its estimate is within 150 Carry your intermediate computations to at least three decimal places. Write your answer as a whole numb minimum whole number that satisfies the requirements). (If necessary, consult a list of formulas.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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A consumer advocacy group is doing a large study on car rental practices. Among other things, the consum
mean monthly mileage, U, of cars rented in the U.S. over the past year. The consumer group plans to choos
rental car mileages and then estimate μ using the mean of the sample.
Using the value 700 miles per month as the standard deviation of monthly U.S. rental car mileages from th
sample size needed in order for the consumer group to be 99% confident that its estimate is within 150
Carry your intermediate computations to at least three decimal places. Write your answer as a whole numb
minimum whole number that satisfies the requirements).
(If necessary, consult a list of formulas.)
0
X
Transcribed Image Text:A consumer advocacy group is doing a large study on car rental practices. Among other things, the consum mean monthly mileage, U, of cars rented in the U.S. over the past year. The consumer group plans to choos rental car mileages and then estimate μ using the mean of the sample. Using the value 700 miles per month as the standard deviation of monthly U.S. rental car mileages from th sample size needed in order for the consumer group to be 99% confident that its estimate is within 150 Carry your intermediate computations to at least three decimal places. Write your answer as a whole numb minimum whole number that satisfies the requirements). (If necessary, consult a list of formulas.) 0 X
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