Chapter 8 Case Study: Motor Vehicle Fuel Efficiency.
Use the following information for Exercises 69–74. The Environmental Protection Agency calculates the estimated annual fuel cost for motor vehicles, with the resulting data provided in the variable annual fuel cost of the Chapter 8 Case Study data set Fuel Efficiency. A sample of the annual fuel cost is provided for 12 vehicles.
Annual fuel cost | |||
---|---|---|---|
1750 | 2500 | 2400 | 2350 |
2150 | 3100 | 2950 | 2500 |
2550 | 2750 | 2300 | 2800 |
74. Compute and interpret the margin of error for a confidence interval with 90% confidence. What is the meaning of this number?