ccording to the American Automobile Association (AAA), the average cost of a gallon of regular unleaded fuel at gas stations in May 2014 was $3.65 (AAA Fuel Gauge Report). Assume that the standard deviation of such costs is $.15. Suppose that a random sample of n = 100 gas stations is selected from the population and the cost per gallon of regular unleaded fuel is determined for each. Consider x, the sample mean cost per gallon. Calculate mx and sx. What is the approximate probability that the sample has a mean fuel cost between $3.65 and $3.67? What is the approximate probability that the sample has a mean fuel cost that exceeds $3.67?
ccording to the American Automobile Association (AAA), the average cost of a gallon of regular unleaded fuel at gas stations in May 2014 was $3.65 (AAA Fuel Gauge Report). Assume that the standard deviation of such costs is $.15. Suppose that a random sample of n = 100 gas stations is selected from the population and the cost per gallon of regular unleaded fuel is determined for each. Consider x, the sample mean cost per gallon. Calculate mx and sx. What is the approximate probability that the sample has a mean fuel cost between $3.65 and $3.67? What is the approximate probability that the sample has a mean fuel cost that exceeds $3.67?
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 (AAA), the average cost of a gallon
of regular unleaded fuel at gas stations in May 2014
was $3.65 (AAA Fuel Gauge Report). Assume that the
standard deviation of such costs is $.15. Suppose that a random
sample of n = 100 gas stations is selected from the
population and the cost per gallon of regular unleaded fuel
is determined for each. Consider x, the sample mean cost
per gallon.
- Calculate mx and sx.
- What is the approximate probability that the sample has
a mean fuel cost between $3.65 and $3.67?
- What is the approximate probability that the sample has
a mean fuel cost that exceeds $3.67?
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