Determine if the finite correction factor should be used. If so, use it in your calculations when you find the probability. In a sample of 800 gas stations, the mean price for regular gasoline at the pump was $2.869 per gallon and the standard deviation was $0.009 per gallon. A random sample of size 45 is drawn from this population. What is the probability that the mean price per gallon is less than $2.867? ..... The probability that the mean price per gallon is less than $2.867 is. (Round to four decimal places as needed.)
Determine if the finite correction factor should be used. If so, use it in your calculations when you find the probability. In a sample of 800 gas stations, the mean price for regular gasoline at the pump was $2.869 per gallon and the standard deviation was $0.009 per gallon. A random sample of size 45 is drawn from this population. What is the probability that the mean price per gallon is less than $2.867? ..... The probability that the mean price per gallon is less than $2.867 is. (Round to four decimal places as needed.)
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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Step 1
From the provided information,
Mean (µ) = $2.869
Standard deviation (σ) = $0.009
X~N (2.869, 0.009)
Here X be a random variable which represents the price of gasoline.
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