Question: Help please The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $3.96. The US EIA

 Help please The U.S. Energy Information Administration (US EIA) reported that

Help please

the average price for a gallon of regular gasoline is $3.96. The

The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $3.96. The US EIA updates its estimates of average gas prices on a weekly basis. Assume the standard deviation is $.24 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 up to the next whole number. a. The desired margin of error is $.09. The appropriate sample size is b. The desired margin of error is $.07. The appropriate sample size is c. The desired margin of error is $.05. The appropriate sample size is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!