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 900 gas stations, the mean price for regular gasoline at the pump was $2.845 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 50 is drawn from this population. What is the probability that the mean price per gallon is less than $2.843? .... The probability that the mean price per gallon is less than $2.843 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
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**Problem Statement:**

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 900 gas stations, the mean price for regular gasoline at the pump was $2.845 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 50 is drawn from this population. What is the probability that the mean price per gallon is less than $2.843?

**Task:**
Calculate the probability that the mean price per gallon is less than $2.843. (Round to four decimal places as needed.)

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These instructions and tools are designed to assist learners in solving statistical probability problems using a given dataset and understanding when to apply statistical correction factors.
Transcribed Image Text:**Problem Statement:** 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 900 gas stations, the mean price for regular gasoline at the pump was $2.845 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 50 is drawn from this population. What is the probability that the mean price per gallon is less than $2.843? **Task:** Calculate the probability that the mean price per gallon is less than $2.843. (Round to four decimal places as needed.) **Buttons for Assistance:** - Help Me Solve This - View an Example - Get More Help **Functionality Buttons:** - Insert symbols and equations (e.g., square root, parentheses) - Clear All - Check Answer These instructions and tools are designed to assist learners in solving statistical probability problems using a given dataset and understanding when to apply statistical correction factors.
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