The local Chamber of Commerce would like to estimate theaverage price of 93 octane gasoline for Chester
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Question:
The local Chamber of Commerce would like to estimate theaverage price of 93 octane gasoline for Chester County. There arecurrently 86 gas stations operating in the county. A random sampleof 15 stations had an average price of $4.20 per gallon and astandard deviation of $0.24 per gallon. Determine the 95%confidence interval for the average price per gallon of 93 octanegasoline in Chester County.
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