Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

According to AAA, the price of a gallon of regular, unleaded gas across gas stations in North Carolina is normally distributed with a mean of

According to AAA, the price of a gallon of regular, unleaded gas across gas stations in North Carolina is normally distributed with a mean of $2.39 and a standard deviation of $0.15.

Find the price such that the probability that a randomly chosen gas station chargesmorethan that price is 5%.

Ans. Choices

$2.39

$2.64

$2.52

$2.14

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Operations Research

Authors: Frederick S. Hillier, Gerald J. Lieberman

10th edition

978-1259162985

Students also viewed these Mathematics questions

Question

households in Pullman, Washington

Answered: 1 week ago

Question

Petty cash management and impress system

Answered: 1 week ago