Question
Suppose that the average price for a gallon of gasoline in the United States is$3.76and in Russia it is $3.43. Assume these averages are the
Suppose that the average price for a gallon of gasoline in the United States is$3.76and in Russia it is $3.43. Assume these averages are the population means in the two countries and that the probability distributions are normally distributed with a standard deviation of$0.25in the United States and a standard deviation of$0.20in Russia.
a.What is the probability that a randomly selected gas station in the United States charges less than$3.55per gallon (to 4 decimals)?
b.What percentage of the gas stations in Russia charge less than$3.55per gallon (to 2 decimals)?
c.What is the probability that a randomly selected gas station in Russia charged more than the mean price in the United States (to 4 decimals)?
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