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During a Natural Gas Shortage,a Gas Company Randomly Sampled Residential

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Essay

During a natural gas shortage,a gas company randomly sampled residential gas meters in order to monitor daily gas consumption.On a particular day,a sample of 100 meters showed a sample mean of 250 cubic feet and a sample standard deviation of 50 cubic feet.Provide a 90% confidence interval estimate of the mean gas consumption for the population.


Definitions:

Multinational Company

A corporation that operates in several countries, managing production or delivering services in multiple international locations.

Foreign Cultures

Refers to the diverse traditions, languages, ceremonies, expressions, and artifacts of various global communities differing from one's own.

Business Ties

Refers to the relationships and connections between individuals and entities in a professional context, often influencing business decisions and opportunities.

Global Market Share

The portion of the international market that a company controls, often expressed as a percentage of total global sales in its industry.

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