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Vanyuwa
1 month ago
14

Bob Nale is the owner of Nale's Texaco GasTown. Bob would like to estimate the mean number of litres (L) of gasoline sold to his

customers. Assume the number of litres sold follows the normal distribution with a standard deviation of 18 L. From his records, he selects a random sample of 18 sales and finds the mean number of litres sold is 56.
a. What is the point estimate of the population mean? (Round the final answer to the nearest whole number.)


The point estimate of the population mean is
litres.


b. Develop a 80% confidence interval for the population mean. (Round the final answers to 3 decimal places.)


The 80% confidence interval for the population mean is between
and
.


c. Interpret the meaning of part (b).


If 100 such intervals were determined, the population
mean
would be included in about
intervals.
Mathematics
1 answer:
AnnZ [12.3K]1 month ago
3 0
a. The point estimate for the population mean is b. The confidence interval at 80% is c. This means there is an 80% probability that the true mean of the population lies within the given confidence interval.
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