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You may need to use the appropriate appendix table to answer this question. Suppose that the average price for a gallon of gasoline in the
You may need to use the appropriate appendix table to answer this question. Suppose that the average price for a gallon of gasoline in the Country A is $3.77 and in Country B it is $3.45. 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 the Country A and a standard deviation of $0.20 in Country B. (a) What is the probability that a randomly selected gas station in Country A charges less than $3.50 per gallon? (Round your answer to four decimal places.) (b) What percentage of the gas stations in Country B charge less than $3.50 per gallon? (Round your answer to two decimal places.) % (c) What is the probability that a randomly selected gas station in Country B charged more than the mean price in the Country A? (Round your answer to four decimal places.)
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