Find the probability of the average price

Assignment Help Applied Statistics
Reference no: EM13767919

The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation of $0.10. Sixteen gas stations from the Bay Area are randomly chosen. We are interested in the average cost of gasoline for the 16 gas stations. Find the probability that the average price for 30 gas stations is less than $4.55.

 

 

Reference no: EM13767919

Questions Cloud

Why would it be wrong to use the proportion : Why would it be wrong to use the proportion 0.28 as the proportion of all elements of statistics students who are male?
How could the tragic death of gideon bush been avoided : Where are the stakeholders in agreements? Where are the stakeholders at odds? How could the tragic death of Gideon Bush been avoided
Amount of overhead allocated to government jobs : You observe that the amount of overhead allocated to government jobs is higher than that allocated to contract jobs. These allocations concern you.
Discuss importance of the developing brain : Discuss the importance of early learning experiences to the developing brain of infants and toddlers. Describe three or more specific examples from the video of adults supporting cognitive development.
Find the probability of the average price : The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation of $0.10. Sixteen gas stations from the Bay Area are randomly chosen. We are interested in the average cost of gasoline ..
What are the mean, the standard deviation : Yoonie is a personnel manager in a large corporation. Each month she must review 16 of the employees. From past experience, she has found that the reviews take her approximately four hours each to do with a population standard deviation of 1.2 hours...
Explain different levels of complexity in terms of food : Explain different levels of complexity and variety in terms of food presented. Then address following: How then, has the general perception of Mexican cuisine been reduced to comfort food or fried fast food?
Definition and origins of rehabilitation in prison : Definition and origins of rehabilitation in prison, Definition of parole and how it differs from mandatory release, Definition of probation and how it compares to other forms of sentencing
The population distribution is assumed to be normal. : The U.S. Census Bureau conducts a study to determine the time needed to complete the short form. The Bureau surveys 200 people. The sample mean is 8.2 minutes. There is a known standard deviation of 2.2 minutes. The population distribution is assumed..

Reviews

Write a Review

Applied Statistics Questions & Answers

  Use of normal approximation to the binomial

Suppose that 20% of the people in a large city have used a hospital emergency room in the past year. If a random sample of 125 people from the city is taken, approximate the probability that fewer than 22 used an emergency room in the past year. Use ..

  The student government at a university conducted a study

The student government at a university conducted a study

  Compute the mean price of the stock

Compute the mean price of the stock, what is the median price and compute the variance and standard deviation

  Q1in the work represented in the image below describe how

q1.in the work represented in the image below describe how each of the following manifest if at alla.nbsp awkward

  Find the ppv and npv for a population

Are the events of being man-made and being polluted independent and write out the sample space - Find the PPV and NPV for a population where 2% of the people have the disease.

  What is the probability

What is the probability

  A sample survey funded by the national science foundation

A sample survey funded by the National Science Foundation asked a random sample of American adults about biological evolution. One question asked survey participants to answer "True", "False" or "Not sure" to the statement "Human beings, as we ..

  Investing in u.s. treasury notes

Investing in U.S. Treasury notes (T-notes) can produce interest income. However, investors can face risk of capital losses when selling Treasury securities because of changing market interest rates over time. The following contains some weekly ..

  Construct 90% and 95 % confidence intervals

Construct 90% and 95 % confidence intervals for the population proportion. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.

  Design and sketch an average control chart

Design and sketch an average control chart, showing upper and lower design limits, upper and lower action limits, and nominal value. Calculate and state the range control limit value.

  Find the probability that a sample mean is larger

Which of the following formulas would you use to find the probability that a sample mean is larger than some given value? z = (x - µ) ÷ σ µ = ∑x ÷ N

  Explain why there are no individual differences

Explain why there are no individual differences in the numerator and in the denominator of the F ratio.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd