An ethanol railroad tariff is a fee charged for shipments of ethanol on public railroads. An agricultural association pu
Posted: Mon Jul 11, 2022 11:54 am
An ethanol railroad tariff is a fee charged for shipments of ethanol on public railroads. An agricultural association publishes tariff rates for railroad-car shipments of ethanol. Assuming that the standard deviation of such tariff rates is $1150, determine the probability that the mean tarif rate of 250 randomly selected railroad-car shipments of ethanol will be within $100 of the mean tariff rate of all railroad-car shipments of ethanol Interpret your answer in terms of sampling error. The probability is (Round to three decimal places as needed.)