The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard

Post by answerhappygod »

The cost of unleaded gasoline in the Bay Area once followed anunknown distribution with a mean of $4.59 and a standard deviationof $0.90. Sixteen gas stations from the Bay Area are randomlychosen. We are interested in the average cost of gasoline for the16 gas stations.
What is the probability that 16 stations will have anaverage price between $4.55 and $4.65? Round to four decimalplaces.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”