4. (10pts) The average price for a gallon of gas in the United States is $2.60....
4. (10pts) The average price for a gallon of gas in the United States is $2.60. Assume that the population standard deviation is $0.40. Suppose we take a sample of 100 gas stations. What is the probability that the mean price per gallon of gas from our sample of gas stations is within ±$0.06 of the population mean?PLEASE SHOW ALL WORK
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4. (10pts) The average price for a gallon of gas in the United
States is $2.60....
The average price of a gallon of unleaded regular gasoline was reported to be $3.44 in...
The average price of a gallon of unleaded regular gasoline was reported to be $3.44 in northern Kentucky. Use this price as the population mean, and assume the population standard deviation is $0.30. What is the probability that the mean price for a sample of 50 service stations is within ±$.06 of the population mean? What is the probability that the mean price for a sample of 100 service stations is within ±$.06 of the population mean? IN EXCEL
At one point the average price of regular unleaded gasoline was $3.45 per gallon. Assume that...
At one point the average price of regular unleaded gasoline was $3.45 per gallon. Assume that the standard deviation price per gallon is $0.06 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 2 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean? (c) What...
The average price of a gallon of gasoline in Missouri was $3.46 (as of 4-4-13 according...
The average price of a gallon of gasoline in Missouri was $3.46 (as of 4-4-13 according to the AAA Daily Fuel Gauge Report). Suppose it is known that o?=1.50. What is the probability that a sample of 96 gas stations taken that same week will have a sample mean within $0.20 of the population mean? (Hint: You may need to use as many as 4+ decimal places in your computations to come up with the correct answer!) 08904 8098 1272...
At one point the average price of regular unleaded gasoline was 53.42 per gallon. Assume that...
At one point the average price of regular unleaded gasoline was 53.42 per gallon. Assume that the standard deviation price per gallon is 50.04 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 3 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean? (c) What...
At one point the average price of regular unleaded gasoline was $3.653.65 per gallon. Assume that...
At one point the average price of regular unleaded gasoline was $3.653.65 per gallon. Assume that the standard deviation price per gallon is $0.050.05 per gallon and useChebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 44 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 2.52.5 standard deviations of the mean? What are the gasoline prices that are within 2.52.5 standard deviations of the mean? (c) What is...
At one point the average price of regular unleaded gasoline was $3.49 per gallon. Assume that...
At one point the average price of regular unleaded gasoline was $3.49 per gallon. Assume that the standard deviation price per gallon is $0.05 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 4 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean? (c) What...
%) 32.35x At one point the average price of regular unleaded gasoline was $3.64 per gallon....
%) 32.35x At one point the average price of regular unleaded gasoline was $3.64 per gallon. Assume that the standard deviation price per gallon is $0.07 per gallon and use Chebyshev's inequality to answer the following (a) What percentage of gasoline stations had prices within 4 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 1.5 standad devations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean?...
a certain car model has a mean gas mileage of 34 Miles per gallon (mpg) with...
a certain car model has a mean gas mileage of 34 Miles per
gallon (mpg) with a population standard deviation for. A pizza
delivery company buys a sample of 54 of these cars. What is the
probability that the average mileage of the fleet is greater than
33.7 MPG?
Question 14 (3 points) A certain car model has a mean gas mileage of 34 miles per gallon (mpg) with a population standard deviation 4. A pizza delivery company buys a...
3.2.35x At one point the average price of regular unleaded gasoline was $3.47 per gallon. Assume...
3.2.35x At one point the average price of regular unleaded gasoline was $3.47 per gallon. Assume that the standard deviation price per gallon is S0.07 per gallon and use Chebyshev's inequality to answer the following (a) What percentage of gasoline stations had prices within 3 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean? (c)...
Suppose the average price of gasoline for a city in the United States follows a continuous...
Suppose the average price of gasoline for a city in the United States follows a continuous uniform distribution with a lower bound of $3.50 per gallon and an upper bound of $3.80 per gallon. What is the probability a randomly chosen gas station charges between $3.70 and $3.90 per gallon? A. 0.3000 B. 1.0000 C. 0.6667 D. 0.3333
At one point the average price of regular unleaded gasoline was $3.45 per gallon. Assume that the standard deviation price per gallon is $0.06 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 2 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean? (c) What...
The average price of a gallon of gasoline in Missouri was $3.46 (as of 4-4-13 according to the AAA Daily Fuel Gauge Report). Suppose it is known that o?=1.50. What is the probability that a sample of 96 gas stations taken that same week will have a sample mean within $0.20 of the population mean? (Hint: You may need to use as many as 4+ decimal places in your computations to come up with the correct answer!) 08904 8098 1272...
At one point the average price of regular unleaded gasoline was 53.42 per gallon. Assume that the standard deviation price per gallon is 50.04 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 3 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean? (c) What...
At one point the average price of regular unleaded gasoline was $3.49 per gallon. Assume that the standard deviation price per gallon is $0.05 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 4 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean? (c) What...
%) 32.35x At one point the average price of regular unleaded gasoline was $3.64 per gallon. Assume that the standard deviation price per gallon is $0.07 per gallon and use Chebyshev's inequality to answer the following (a) What percentage of gasoline stations had prices within 4 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 1.5 standad devations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean?...
a certain car model has a mean gas mileage of 34 Miles per
gallon (mpg) with a population standard deviation for. A pizza
delivery company buys a sample of 54 of these cars. What is the
probability that the average mileage of the fleet is greater than
33.7 MPG?
Question 14 (3 points) A certain car model has a mean gas mileage of 34 miles per gallon (mpg) with a population standard deviation 4. A pizza delivery company buys a...
3.2.35x At one point the average price of regular unleaded gasoline was $3.47 per gallon. Assume that the standard deviation price per gallon is S0.07 per gallon and use Chebyshev's inequality to answer the following (a) What percentage of gasoline stations had prices within 3 standard deviations of the mean? (b) What percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean? (c)...
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