You Want to Estimate the Average Gas Price in Your

question 38

Multiple Choice

You want to estimate the average gas price in your city for a litre of regular unleaded gasoline with 95% confidence.You believe that the standard deviation of prices is $0.05.If you wish to achieve a margin of error no larger than $0.02,how many gas stations should you sample?

• A)25
• B)28
• C)27
• D)24
• E)26

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Definitions:

Distributive Justice

The perceived fairness of the distribution of resources and rewards within an organization or society, influencing individuals' satisfaction and motivation.

Fairness

The impartial and just treatment of individuals without favoritism or discrimination.

Rewards

Tangible or intangible benefits provided to employees in recognition of their performance or contributions to the organization.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance and overall well-being.