Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Abstract Algebra A First Course

Authors: Dan Saracino

2nd Edition

1478618221, 9781478618225

More Books

Students also viewed these Mathematics questions

Question

Define "technology" and briefly explain about it

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Question

3. An initial value (anchoring).

Answered: 1 week ago