Activity 5Solve the following problems. Write your answer on your answer sheet.1. You want to estimate the mean gasoline price within your town to the margin oferror of 6 centavos. Local newspaper reports the standard deviation for gas price inthe area is 24 centavos. What sample size is needed to estimate the mean gas pricesat 90% confidence level?2. Daniel wants to replicate a study where the highest lowest observed value is 14.8while the lowest is 12.4. He wants to estimate the population mean u to the marginof error of 0.026 of its true value. Using 99% confidence level, find the sample size nthat he needs.

1)The margin of error is 6 Standard deviation for gas price in the area is 24 centavos;σ=24 At 90%…

Answered: olve the following problems. Write your…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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