Multiple Choice
Suppose taxi fare from Logan Airport to downtown Boston is known to be normally distributed with a standard deviation of $2.50. The last seven times John has taken a taxi from Logan to downtown Boston, the fares have been $22.10, $23.25, $21.35, $24.50, $21.90, $20.75, and $22.65. What is a 95% confidence interval for the population mean taxi fare?
A) [$17.46, $27.26]
B) [$20.46, $24.16]
C) [$20.80, $23.91]
D) [$21.66, $23.06]
Correct Answer:

Verified
Correct Answer:
Verified
Q114: To estimate the mean earnings forecast for
Q115: The sampling distribution of <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6618/.jpg" alt="The
Q116: Excel does not have a special function
Q117: What is t<sub>α</sub><sub>/2,</sub><sub>df </sub> for a 99%
Q118: A sample of holiday shoppers is taken
Q120: Which of the following is the correct
Q121: If we want to find the required
Q122: What is z<sub>α</sub><sub>/2</sub> for a 95% confidence
Q123: The sampling distribution of the population proportion
Q124: The GPA of accounting students in a