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Even Before the Record Gas Prices During the Summer of 2008,an

question 165

Multiple Choice

Even before the record gas prices during the summer of 2008,an article written by Will Lester of the Associated Press reported on a poll in which 80% of those surveyed say that Americans who currently own a SUV (sport utility vehicle) should switch to a more fuel-efficient vehicle to ease America's dependency on foreign oil.This study was conducted by the Pew Research Center for the People & the Press.As a follow-up to this report,a consumer group conducted a study of SUV owners to estimate the mean mileage for their vehicles.A simple random sample of 91 SUV owners was selected,and the owners were asked to report their highway mileage.The following results were summarized from the sample data: = 18.2 mpg s = 6.3 mpg
Based on these sample data,compute and interpret a 90% confidence interval estimate for the mean highway mileage for SUVs.

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Assets

Resources owned by a company that have economic value and can be used to meet debts, commitments, or legacies.

Income Statement

A financial statement that shows a company's revenues and expenses over a certain period, ultimately revealing net profit or loss.

Balance Sheet

A balance sheet that concisely represents a corporation's financial assets, liabilities, and the equity interests of its shareholders as of a definite date.

Credit

A mutual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date with terms specified.