Question: Assuming that the price of gas per gallon in a city is normally distributed with a mean

of $1.90 and a standard deviation of $0.10, answer the following questions:

1. What percent of gas stations charge within ± 10¢, 20¢, and 30¢ around the mean?
2. Find two prices symmetrically around the mean in which 90% of gas stations charge within those two prices..
3. Find two prices symmetrically around the mean in which 95% of gas stations charge within those two prices.
4. Find two prices symmetrically around the mean in which 99% of gas stations charge within those two prices.
5. What is the probability a gas station selected at random charge more than $2.50.

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document