Assuming that the price of gas per gallon in a city is normally distributed with a mean of $1.90 an
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:
a. What percent of gas stations charge within ± 10¢, 20¢, and 30¢ around the mean?
b. Find two prices symmetrically around the mean in which 90% of gas stations charge within those two prices..
c. Find two prices symmetrically around the mean in which 95% of gas stations charge within those two prices.
d. Find two prices symmetrically around the mean in which 99% of gas stations charge within those two prices.
e. What is the probability a gas station selected at random charge more than $2.50.
Price: $2.99
See Solution: The downloadable solution consists of 3 pages
Deliverables: Word Document
Deliverables: Word Document
