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

  What is the probability that all will arrive on time

What is the probability that at least one of the flights will be late and why the binomial model is not appropriate for finding the probability that at least one flight will be late.

  The approaches will you be most inclined to choose

Which of the approaches will you be most inclined to choose and why?

  What is the new project completion time

What is the new project completion time and what is the new total project cost - Identify what are the time and the path of this minimum cost schedule.

  Find the correlation coefficient between x and y

Find the equation of the regression line for the given data.  What is the predicted value of Y when X = -2?  What is the predicted value of Y and find the correlation coefficient between X and Y.  Is there a weak or strong, positive or negative corr..

  Claims must be true based on this information

A weight-loss clinic advertised that last month its patients, on average, lost 6 LBS . Assuming that average refers to the mean, which of the following claims must be true based on this information

  A positive linear relationship between the dollar amount

An insurance company suspects that there is a positive linear relationship between the dollar amount of fire damage in residential fires, and the distance between the residence and the nearest fire station. Data were collected on a random sampl..

  The gun detects speeding and the driver was speeding

a. What is the probability that the gun detects speeding and the driver was speeding? (Round your answer to 4 decimal places.)

  Find the area under the normal distribution curve

Find the area under the normal distribution curve between z = -0.05 and z = 2.85.

  Different stages of their decision-making

What are the changes social media has brought to consumers in different stages of their decision-making - how many social media platforms are used by online marketers in Saudi Arabia and what are their effects?

  The distribution of chi-square values

The distribution of chi-square values is NOT normally distributed. True or False

  Assignment 1 2 an investigator wants to assess whether

2. an investigator wants to assess whether smoking is a risk factor for pancreatic cancer. electronic medical records

  Describe a "real world" scenario

Respond to the following to describe a "real world" scenario where a researcher might want to construct a confidence interval to support a conclusion about a population parameter.1.Provide an overview of the scenario and the variable involved. Includ..

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