In December 2018, the average price of regular unleaded gasoline excluding taxes in the United States was $3.06 per gallon. Assume that the standard deviation price per gallon is $0.09 per gallon and use Chebyshev's Inequality to answer the following:(a) What minimum percentage of gasoline stations had prices within 3 standard deviations of the mean?(b) What minimum percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean?(c) What is the minimum percentage of gasoline stations that had prices between $2.88 and $3.24?

Solution Given That In December 2018, the average price of regular unleaded gasoline excluding…

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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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A psychologist is studying the self image of smokers, as measured by the self-image (SI) score from a personality inventory. She would like to examine the mean SI score, μ, for the population of all smokers. Previously published studies have indicated that the mean SI score for the population of all smokers is 85 and that the standard deviation is 15, but the psychologist has good reason to believe that the value for the mean has changed. She plans to perform a statistical test. She takes a random sample of SI scores for smokers and computes the sample mean to be 75. Based on this information, complete the parts below. (a) What are the null hypothesis Ho and the alternative hypothesis H₁ that should be used for the test? μ x H₁ : ☐ H₁:0 □<ロ □ㄨˇ O
The average wage for bank managers in a certain city is $91,900 per hour with a standard deviation of $24,300. What should be the hourly wage for an administrator if he/she wishes to earn less than 25% of all employees?
Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 9 million dollars and a standard deviation of 1.4 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 10% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
Suppose that on a certain section of I-95, with a posted speed limit of 65 miles per hour, the speeds of all vehicles have a bell-shaped distribution with a mean of 72 mph and a standard deviation of 3 mph. Find the percentage of vehicles with the following speeds on this section of I-95: greater than 75 mph.
During a quality assurance check, the actual contents (in grams) of six containers of protein powder were recorded as 1527, 1532, 1504, 1517, 1528, and 1516. (a) Find the mean and the median of the contents. (b) The third value was incorrectly measured and is actually 1520. Find the mean and the median of the contents again. (c) Which measure of central tendency, the mean or the median, was affected more by the data entry error? ..... (a) The mean is (Round to one decimal place as needed.) The median is (Type an integer or a decimal. Do not round.) (b) The mean is (Round to one decimal place as needed.) The median is (Type an integer or a decimal. Do not round.) (c) After correcting the error, the mean by and the median by The was affected more. (Round to one decimal place as needed.)
Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 8 million dollars and a standard deviation of 1.3 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 10% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. 00 0 million dollars X S ? Check acer Q tab esc ! 1 9. a @ 2 W →> S #m 3 X e C d $ LAS 4 C r % 5 f t > < 6 g y & JX b 7 h C n K1300
Is the mean the measure of central tendency that makes the sum of squared deviations around it minimal?
In December 2018, the average price of regular unleaded gasoline excluding taxes in the United States was $3.06 per gallon. Assume that the standard deviation price per gallon is $0.08per gallon and use Chebyshev's Inequality to answer the following. (a) What minimum percentage of gasoline stations had prices within 4 standard deviations of the mean? (b) What minimum percentage of gasoline stations had prices within 2.5 standard deviations of the mean? What are the gasoline prices that are within 2.5 standard deviations of the mean? (c) What is the minimum percentage of gasoline stations that had prices between $2.90and $3.22?
Imagine that for those who meditate daily, the number of minutes in meditation has mean 35 and standard deviation 10. In a group of 200 such persons, how many are expected to meditate more than 43 minutes per day? Click the icon to view the table of z-scores. Of the 200 persons, approximately will meditate more than 43 minutes per day. (Round to the nearest whole number as needed.)
Imagine that for those who meditate daily, the number of minutes in meditation has mean 35 and standard deviation 10. In a group of 200 such persons, how many are expected to meditate more than 43 minutes per day?
According to the New York Daily News, March 5, 2014, people 65 years and older watch an average of 50.5 hours of TV per week. We will estimate the standard deviation to be 12.7 hours per week. Your town has many social programs for senior citizens which may reduce the amount of TV that older people watch. You want to find out if it is true that people 65 and older in your town watch less than 50.5 hours of TV per week. So, you sample 40 people 65 and older in your town. You find that the average time that the 40 people watch per week is 45.8 hours. Can the claim be supported to a level of significance of α = .02, test the hypothesis?
A psychologist is studying the self image of smokers, as measured by the self-image (SI) score from a personality inventory. She would like to examine the mean SI score, µ, for the population of all smokers. Previously published studies have indicated that the mean SI score for the population of all smokers is 80 and that the standard deviation is 15, but the psychologist has good reason to believe that the value for the mean has changed. She plans to perform a statistical test. She takes a random sample of SI scores for smokers and computes the sample mean to be 88. Based on this information, complete the parts below. (a) What are the null hypothesis H. and the alternative hypothesis H₁ that should be used for the test? Ho : H₁ :0 (b) Suppose that the psychologist decides not to reject the null hypothesis. What sort of error might she be making? Type I Suppose the true mean SI score for all smokers is 80. Fill in the blanks to describe a Type I error. the hypothesis that u is (Choose…

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