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Hello, i need help with question 13 In December 2018, the average price of regular unleaded gasoline excluding taxes in the United States was $3.06
Hello, i need help with question 13
In December 2018, the average price of regular unleaded gasoline excluding taxes in the United States was $3.06 per gallon. Assume that the standard deviation price per gallon is $0.04 per gallon and use Chebyshev's Inequality to answer the following. (a) What minimum percentage of gasoline stations had prices within 3 standard deviations of the mean? (b) What minimum percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean? (c) What is the minimum percentage of gasoline stations that had prices between $2.90 and $3.22? E) (a) At least % of gasoline stations had prices within 3 standard deviations of the mean. (Round to two decimal places as needed.) (b) At least % of gasoline stations had prices within 2.5 standard deviations of the mean. (Round to two decimal places as needed.) The gasoline prices that are within 2.5 standard deviations of the mean are $D to $D. (Type integers or decimals. Do not round. Use ascending order.) (c) |:|% is the minimum percentage of gasoline stations that had prices between $2.90 and $3.22. (Round to two decimal places as needed.)Step by Step Solution
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