Find the probability and interpret the results. If convenient, use technology to find the probability. During a certain week the mean price of gasoline was $2703 per gallon. A random sample of 34 gas stations is drawn from this population. What is the probability that the mean price for the sample was between 2682 and 2722 that week? assume σ =$0.041 Can you please explain me this math problem. I am having so much trouble and go step by step to help me with this math problem. Thank you.
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
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Can you please explain me this math problem. I am having so much trouble and go step by step to help me with this math problem. Thank you.
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