Gas stations charge more than that price

Assignment Help Basic Statistics
Reference no: EM131972144

1. According to AAA, the price of a gallon of regular, unleaded gas across gas stations in North Carolina is normally distributed with a mean of $2.39 and a standard deviation of $0.15. If you randomly pick a gas station, what is the probability the price is exactly $2.26 per gallon?

2. According to AAA, the price of a gallon of regular, unleaded gas across gas stations in North Carolina is normally distributed with a mean of $2.39 and a standard deviation of $0.15. If you randomly pick a gas station, what is the probability that the price is between $2.30 and $2.60 per gallon?

3. According to AAA, the price of a gallon of regular, unleaded gas across gas stations in North Carolina is normally distributed with a mean of $2.39 and a standard deviation of $0.15. Find the price such that only 20% of gas stations charge more than that price.

Reference no: EM131972144

Questions Cloud

Difference between net income and net cash flow : Explain the difference between net income and net cash flow. Why are they different? Give an example from an actual company's financial statements.
Show how rebecca can maintain her current cash flow : The company currently has an all-equity capital structure and is considering a capital structure with 30 percent debt.
Analyze a potential strategic acquisition : Explain how the ratios help identify the strengths and weaknesses of the facility and the management team. The students will use Financial Ratios to analyze.
What is the denominator level used : The Rye Bread Company bakes baguettes for distribution to upscale grocery stores. What is denominator level used for allocating variable manufacturing overhead?
Gas stations charge more than that price : Find the price such that only 20% of gas stations charge more than that price.
Explain the net present value rule : Explain the Net Present Value (NPV) Rule, the Internal Rate of Return (IRR) Rule and the Payback Rule. Which is better? Why?
Determine the ror on lucindas investment : Lucinda Lacy is Venturing into real estate investments again. Lucinda bought another house with a purchase price of $155,000.
What is the standard deviation of the number of daily : 1. Suppose you roll a six-sided die 7 times and count the number of fives. What is the probability you get exactly two fives?
Explain and interpret the basic financial statements : Explain and interpret the basic financial statements with any suitable example particular to business-oriented health care entities.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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