30. The Energy Information Administration reported that the mean retail price per gallon of regular grade gasoline
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30. The Energy Information Administration reported that the mean retail price per gallon of regular grade gasoline was $2.30 (Energy Information Administration, February 27, 2006).
Suppose that the standard deviation was $.10 and that the retail price per gallon has a bellshaped distribution.
a. What percentage of regular grade gasoline sold between $2.20 and $2.40 per gallon?
b. What percentage of regular grade gasoline sold between $2.20 and $2.50 per gallon?
c. What percentage of regular grade gasoline sold for more than $2.50 per gallon?
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Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9780324568608
5th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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