An ethanol raikoad tariff is a fee charged for shipments of ethanol on public railroads. An agricultural association publishes tariff rates for railroad-car shipments ofethanol. Assuming that the standard deviation of such tariff rates is $1050, determine the probability that the mean tariff rate of 550 randomly selected railroad-carshipments of ethanol will be within $90 of the mean tariff rate of all railroad-car shipments of ethanol Interpret your answer in terms of sampling error.The probability is D(Round to three decimal places as needed)

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Answered: An ethanol raikoad tariff is a fee…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Similar questions

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Newborn babies: A study conducted by the Center for Population Economics at the University of Chicago studied the birth weights of 716 babies born in New York. The mean weight was 3506 grams with a standard deviation of 868 grams. Assume that birth weight data are approximately bell-shaped. Estimate the number of newborns who weighed between 1770 grams and 5242 grams. Round to the nearest whole number. The number of newborns who weighed between 1770 grams and 5242 grams is
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Two stores sell watermelons. At the first store the melons weigh an average of 22 pounds, with a standard deviation of 2.5 pounds. At the second store the melons are smaller. with a mean of 18 pounds and a standard deviation of 2 pounds. You take and SRS of 40 melons from the first store and SRS of 34 from the second store Find the mean of each sampling distribution
Furnace repair bills are normally distributed with a mean of 271 dollars and a standard deviation of 20 dollars. If 64 of these repair bills are randomly selected, find the probability that they have a mean cost between 271 dollars and 273 dollars. Round to four decimal places. A. 0.2881 OB. 0.2119 O C. 0.5517 O D. 0.7881
Dan is doing research on organic farming for an agricultural foundation. He has collected data on the number of oranges harvested from individual trees in two different orchards. In each orchard, the number of oranges harvested from each of 57 trees was recorded. The histograms below show the distributions of the two data sets. The means and standard deviations for the data sets are also given. Orchard 1 Orchard 2 25 25 20- 20- 15+ 15- 10+ 10+ 5+ 5+ 199.5 219.5 239.5 259.5 279.5 299.5 319.5 339.5 359.5 199.5 219.5 239.5 259.5 279.5 299.5 319.5 339.5 359.5 Orchard 1 mean: 275.1 oranges Orchard 2 mean: 274.9 oranges Orchard 1 standard deviation: 23.2 oranges Orchard 2 standard deviation: 47.9 oranges Dan wants to use the Empirical Rule to make some approximations about both data sets. Unfortunately, it is appropriate to use the Empirical Rule on only one of them! Answer the parts below to help Dan with his approximations. (a) Identify the data set for which it is appropriate to use the…

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