You may need to use the appropriate appendix table or technology to answer this question. The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $2.94. The US EIA updates its estimates of average gas prices on a weekly basis. Assume the standard deviation is $0.25 for the price of a gallon of regular gasoline and recommend the appropriate sample size for the US EIA to use if they wish to report each of the following margins of error at 95% confidence. (Round your answers up to the nearest whole number.) (a) The desired margin of error is $0.10. (b) The desired margin of error is $0.06. (c) The desired margin of error is $0.04.
You may need to use the appropriate appendix table or technology to answer this question. The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $2.94. The US EIA updates its estimates of average gas prices on a weekly basis. Assume the standard deviation is $0.25 for the price of a gallon of regular gasoline and recommend the appropriate sample size for the US EIA to use if they wish to report each of the following margins of error at 95% confidence. (Round your answers up to the nearest whole number.) (a) The desired margin of error is $0.10. (b) The desired margin of error is $0.06. (c) The desired margin of error is $0.04.
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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![You may need to use the appropriate appendix table or technology to answer this question.
The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $2.94. The US EIA updates its estimates of average gas prices on a
weekly basis. Assume the standard deviation is $0.25 for the price of a gallon of regular gasoline and recommend the appropriate sample size for the US EIA to use if they wish to report
each of the following margins of error at 95% confidence. (Round your answers up to the nearest whole number.)
(a) The desired margin of error is $0.10.
(b) The desired margin of error is $0.06.
(c) The desired margin of error is $0.04.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37e51211-1e69-4fa6-9e17-ef5263ac7b88%2Fda847472-87a4-43d4-8b0d-e590031237c9%2Fj4eji59_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You may need to use the appropriate appendix table or technology to answer this question.
The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $2.94. The US EIA updates its estimates of average gas prices on a
weekly basis. Assume the standard deviation is $0.25 for the price of a gallon of regular gasoline and recommend the appropriate sample size for the US EIA to use if they wish to report
each of the following margins of error at 95% confidence. (Round your answers up to the nearest whole number.)
(a) The desired margin of error is $0.10.
(b) The desired margin of error is $0.06.
(c) The desired margin of error is $0.04.
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