The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard
Posted: Mon Jul 11, 2022 11:43 am
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 less than $4.60? Round to four decimalplaces.
What is the probability that 16 stations will have anaverage price less than $4.60? Round to four decimalplaces.