Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a bus company is doing research to determine if it

A bus company is doing research to determine if it can save money by switching...

80.2K

Verified Solution

Question

Basic Math

image

A bus company is doing research to determine if it can save money by switching from gasoline-powered buses to electric-powered buses. The company randomly selects records of gasoline usage from 30 days and calculates that the buses use a mean 22 gallons of gas each day with a standard deviation of 1.8 gallons. The gas station the buses use charges $2.95 for a gallon of gas. The company also knows it would cost $62 to charge the buses enough to be able to run for one day.Use a 95% confidence interval to recommend a strategic decision for the bus company.The bus company should switch to the electric buses because 22 gallons of gas costs more than $62.The bus company should switch to the electric buses because the least amount of mean gas per day in theconfidence interval costs more than $62.The bus company should not switch to the electric buses because the least amount of mean gas per dayin the confidence interval costs less than $62.The bus company should not switch to the electric buses because the greatest amount of mean gas perday in the confidence interval costs less than $62.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

"Fraud Mitigation Techniques" Please respond to the following: From the e-Activity, determine the theft red flags...

Biology
1.2K views

1 What are the body s five sensory organs 2 Describe the process by which...

Geometry
1.2K views

16 Draw 3 different isosceles triangles below each with the same perimeter of 6x

Basic Math
1.2K views

Figure is not drawn to scale 15 ft 17 t 5 ft What is the...

Statistics
1.2K views

Find the Z scores that separate the middle 79 of the distribution from the area...

Calculus
1.2K views

ry 0 of 1 pts See Details fo nilar question You can ret 18x 82...

Calculus
1.2K views

4 of 10 4 5 points Starting from a stop a mouse runs to the...

Accounting
1.2K views

Harkey Corporation's balance sheet and income statement appear below: Comparative Balance Sheet...

Accounting
1.2K views

1 This question has multiple parts. You need to answer all parts for full credit....

Accounting
1.2K views

Prepare journal entries to record the following sales transactions in Pharoah Companys books. Pharoah uses...

Accounting
1.2K views

Waterhouse Company plans to issue bonds with a face value of $508,500 and a coupon...

Finance
1.2K views

Question 3 1 pts Which of the following ratios is least relevant...