Answer:
b. between $3.04 and $3.36
Step-by-step explanation:
Given,
Price of 1 gallon of gasoline = $3.20
Margin of Error = 5%
We have to find out average cost of gallon of gasoline.
For this, we have to find out 5% of the price of gasoline. Which is calculated by dividing 5 by 100 and then multiply it by 3.20.
Amount of margin of error = [tex]\frac{5}{100}\times3.20 = 0.16[/tex]
Hence The margin of error is ±, So we will subtract the amount of margin of error with actual amount of 1 gallon of gasoline. Also we will add the amount of margin of error with actual amount of 1 gallon of gasoline.
Margin of error 1 = [tex]3.20-0.16= \$3.04[/tex]
Margin of error 2 = [tex]3.20+0.16= \$3.36[/tex]
Hence the Average cost of a gallon of gasoline should be between $3.04 and $3.36.
