Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / In a meeting, Matt estimates the average miles per gallon (MPG) of the fleet cars is 41 mpg

In a meeting, Matt estimates the average miles per gallon (MPG) of the fleet cars is 41 mpg

Business

In a meeting, Matt estimates the average miles per gallon (MPG) of the fleet cars is 41 mpg. With a certain level of confidence, he announces the actual mpg is in the 40 to 48 mpg range. What is the margin of error?

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Lower confidence interval = 40

Upper confidence interval  = 48

Sample Mean = (40+48)/2

Sample Mean = 44

Margin of error = 48-44

Margin of error = 4 mpg

Related Questions