Question 4 A survey of 25 grocery stores revealed that the average price of a gallon of milk was $2.98 with the sample STANDARD ERROR of $0.10. What is the 98% confidence interval to estimate the true cost of a gallon of milk? O $2.75 to $3.21 O $2.95 to $3.01 $2.73 to $3.23 $2.94 to $3.02 $2.85 to $3.11

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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Question 4
A survey of 25 grocery stores revealed that the average price of a gallon of milk was $2.98 with the sample STANDARD ERROR
of $0.10. What is the 98% confidence interval to estimate the true cost of a gallon of milk?
O $2.75 to $3.21
$2.95 to $3.01
$2.73 to $3.23
$2.94 to $3.02
$2.85 to $3.11
Transcribed Image Text:Question 4 A survey of 25 grocery stores revealed that the average price of a gallon of milk was $2.98 with the sample STANDARD ERROR of $0.10. What is the 98% confidence interval to estimate the true cost of a gallon of milk? O $2.75 to $3.21 $2.95 to $3.01 $2.73 to $3.23 $2.94 to $3.02 $2.85 to $3.11
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