According to the American Automobile Association, the average cost of a gallon of regular unleaded fuel at gas stations in January 2019 was $3.5. Assume that the standard deviation of such costs was $4.75. Suppose that a random sample of 56 gas stations was selected from the population and the cost per gallon of regular unleaded fuel was determined for each gas station. Consider X¯bar, the sample mean cost per gallon. (a) Describe the sampling distribution of X¯bar. (b)Find the probability that the sample had a mean fuel cost between $3.8 and $4. (c) How would the sampling distribution of X¯bar change if the sample size were doubled?
According to the American Automobile Association, the average cost of a gallon of regular unleaded fuel at gas stations in January 2019 was $3.5. Assume that the standard deviation of such costs was $4.75. Suppose that a random sample of 56 gas stations was selected from the population and the cost per gallon of regular unleaded fuel was determined for each gas station. Consider X¯bar, the sample mean cost per gallon. (a) Describe the sampling distribution of X¯bar. (b)Find the probability that the sample had a mean fuel cost between $3.8 and $4. (c) How would the sampling distribution of X¯bar change if the sample size were doubled?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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According to the American Automobile Association, the average cost of a gallon of regular unleaded fuel at gas stations in January 2019 was $3.5. Assume that the standard deviation of such costs was $4.75. Suppose that a random sample of 56 gas stations was selected from the population and the cost per gallon of regular unleaded fuel was determined for each gas station. Consider X¯bar, the sample mean cost per gallon.
(a) Describe the sampling distribution of X¯bar.
(b)Find the probability that the sample had a mean fuel cost between $3.8 and $4.
(c) How would the sampling distribution of X¯bar change if the
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