Answered step by step
Verified Expert Solution
Question
1 Approved Answer
71 . The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation
71.
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. The distribution to use for the average cost of gasoline for the 16 gas stations is:
- X ~ N(4.59, 0.10)
- X ~ N(4.59,0.1016)(4.59,0.1016)
- X ~ N(4.59,160.10)(4.59,160.10)
- X ~ N(4.59,160.10)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started