You Want to Estimate the Average Gasoline Price in Your $\$ 2.01 < \mu < \$ 2.13$

question 2

Multiple Choice

You want to estimate the average gasoline price in your city for a gallon of regular gasoline. You take a simple random sample of prices from 17 gasoline stations, recording an average cost of $2.07 and a standard deviation of $0.06. Assume that the population of these prices is normally distributed. Construct the 95% confidence interval estimate of the population mean. Round your estimates to the nearest cent.

• A) \(\$ 2.01 < \mu < \$ 2.13\)
• B) \(\$ 2.06 < \mu < \$ 2.08\)
• C) \(\$ 2.04 < \mu < \$ 2.10\)
• D) \(\$ 2.04 < \mu < \$ 2.08\)

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Definitions:

Interaction

A mutual or reciprocal action or influence between entities, often studied in social and behavioral sciences.

Personal Fable

An exaggerated sense of personal uniqueness and indestructibility, which may be the basis for adolescent risk taking.

Autonomy

The capacity to make an informed, uncoerced decision independently, often used in the context of moral, ethical, or self-governing practices.

Period of Rebellion

A phase, often in adolescence, characterized by increased resistance against authority and societal norms as a way of seeking individual identity.