Math Problem Statement
You take a random sample of 49 Toyota Tacomas. Their mean highway fuel efficiency is 20.4. From prior studies you know the population standard deviation is 0.8 mpg. The population appears to be normally distributed. If you construct a 90% confidence interval of the population mean, what is the margin of error?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Standard Normal Distribution
Formulas
Margin of Error = z_(α/2) × (σ / √n)
Standard Error = σ / √n
Theorems
Central Limit Theorem
Suitable Grade Level
College/University Level - Introductory Statistics
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