Question

Find the probability and interpret the results. If convenient, use technology to find the probability. During a certain week the mean price of gasoline was $2.702 per gallon. A random sample of 35 gas stations is drawn from this population. What is the probability that the mean price for the sample was between $2.689 and $2.716 that week? Assume ơ $0.045 EEB Click the icon to view page 1 of the standard normal table EEB Click the icon to view page 2 of the standard normal table. The probability that the sample mean was between $2.689 and $2.716 is (Round to four decimal places as needed.) Interpret the results. Choose the correct answer below. A. About 8% of the population of 35 gas stations that week will have a mean price between $2.689 and $2.716. B. About 92% of samples of 35 gas stations that week will have a mean price between $2.689 and $2.716. O c. About 8% of samples of 35 gas stations that week will have a mean price between $2.689 and $2.716. About 92% of the population of 35 gas stations that week will have a mean price between $2.689 and $2.716. D.

Answer 1