Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose the average cost of a gallon of unleaded fuel at gas stations is $1.897.Assume that the standard deviation of such costs is $0.15. Suppose
Suppose the average cost of a gallon of unleaded fuel at gas stations is $1.897.Assume that the standard deviation of such costs is $0.15.
Suppose a random sample of n = 100 gas stations is selected from the population and the cost per gallon of unleaded fuel is determined for each.
Consider the "sample mean cost per gallon". What is the approximate probability that the sample has a mean fuel cost between $1.90 and $1.92?
A.0.18
B.0.66
C.0.36
D.0.72
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