4-41. Over the long run the daily price/barrel (denoted X) of a certain grade of crude oil...
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4-41. Over the long run the daily price/barrel (denoted X) of a certain grade of crude oil has averaged about $17.23 with a standard deviation of $1.26.
Given that the probability distribution of X is unknown, determine a lower bound estimate of the probability thatXwill fall between $14.23 and $20.23.
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Related Book For 
Advanced Statistics From An Elementary Point Of View
ISBN: 9780120884940
1st Edition
Authors: Michael J Panik
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