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06-06-2023
Mathematics

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A 99% t-based confidence interval for the mean price for a gallon of gasoline (dollars) is calculated using a simple random sample of gallon gasoline prices for 50 gas stations. Given that the 99% confidence interval is $3.32 << $3.98, what is the sample mean price for a gallon of gasoline (dollars)? Please select the best answer of those provided below Select one: a. Not Enough Information, we would need to know the variation in the population of gallon gasoline prices b. Not Enough Information, we would need to know the variation in the sample of gallon gasoline prices c. $0.33 d. $3.65

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