Question
For practice only: You may need to use the appropriateappendix tableto answer this question. The average price for a gallon of gasoline in thecountry Ais
For practice only: You may need to use the appropriateappendix tableto answer this question.
The average price for a gallon of gasoline in thecountry Ais $2.77and incountry Bit is $2.45. Assume these averages are the population means in the two countries and that the probability distributions are normally distributed with a standard deviation of $0.25 in thecountry Aand a standard deviation of $0.20 incountry B.
(a)
What is the probability that a randomly selected gas station incountry Acharges less than $2.50per gallon? (Round your answer to four decimal places.)
(b)
What percentage of the gas stations incountry Bcharge less than $2.50per gallon? (Round your answer to two decimal places.)
%
(c)
What is the probability that a randomly selected gas station incountry Bcharged more than the mean price in thecountry A?(Round your answer to four decimal places.)
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