Solution-What percentage of gasoline stations

What percentage of gasoline stations

Reference no: EM131397343

At one point the average price of regular unleaded gasoline was $3.52 per gallon. Assume that the standard deviation price per gallon is $0.04 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?

Reference no: EM131397343

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What percentage of gasoline stations

Reference no: EM131397343

Reference no: EM131397343

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