(See Solution) 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.


Question: 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.

_____ 0.6554

_____ 0.3446

_____ 0.0142

_____ 0.9858

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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