One of the major oil products companies conducts a study recently to estimate the mean gallons of
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Question:
One of the major oil products companies conducts a study recently to estimate the mean gallons of gasoline purchased by customers per visit to a gasoline station. To do this, random sample customers were selected with the following data being recorded that show the gallons of gasoline purchased.
8.7 | 22.4 | 9.5 | 13.3 | 18.90 |
22 | 14.4 | 35.7 | 19 | 24.9 |
5.7 | 15.7 | 8.9 | 22.5 | 15.9 |
Based on these sample data, construct and interpret a 95 percent confidence interval estimate for the population mean. Please explain what distribution you used to do your calculations.
Related Book For
Project Management A Systems Approach to Planning Scheduling and Controlling
ISBN: 978-0470278703
10th Edition
Authors: Harold Kerzner
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