percentage of gasoline stations had prices within 2 standard deviations of the mean? (b) What minimum percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean? (c) What is the minimum percentage of gasoline stations that had prices between $2.73 and $3.397 (a) At least % of gasoline stations had prices within 2 standard deviations of the mean (Round to two decimal places as needed.) (b) At least of gasoline stations had prices within 1.5 standard deviations of the mean (Round to two decimal places as needed.) The gasoline prices that are within 1.5 standard deviations of the mean are to s (Type integers or decimals. Do not round. Use ascending order) TE (e) is the minimum percentage of gasoline stations that had prices between $2.73 and $3.39 (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
n 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 $0.11 per gallon
and use Chebyshev's Inequality to answer the following
(a) What minimum percentage of gasoline stations had prices within 2 standard deviations of the mean?
(b) What minimum percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean?
(c) What is the minimum percentage of gasoline stations that had prices between $2.73 and $3.397
(a) At least % of gasoline stations had prices within 2 standard deviations of the mean
(Round to two decimal places as needed.)
(b) At least % of gasoline stations had prices within 1.5 standard deviations of the mean
(Round to two decimal places as needed.)
The gasoline prices that are within 1.5 standard deviations of the mean are $ to $
(Type integers or decimals. Do not round. Use ascending order)
(e) is the minimum percentage of gasoline stations that had prices between $2.73 and $3.39.
(Round to two decimal places as needed.)
Transcribed Image Text:n 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 $0.11 per gallon and use Chebyshev's Inequality to answer the following (a) What minimum percentage of gasoline stations had prices within 2 standard deviations of the mean? (b) What minimum percentage of gasoline stations had prices within 1.5 standard deviations of the mean? What are the gasoline prices that are within 1.5 standard deviations of the mean? (c) What is the minimum percentage of gasoline stations that had prices between $2.73 and $3.397 (a) At least % of gasoline stations had prices within 2 standard deviations of the mean (Round to two decimal places as needed.) (b) At least % of gasoline stations had prices within 1.5 standard deviations of the mean (Round to two decimal places as needed.) The gasoline prices that are within 1.5 standard deviations of the mean are $ to $ (Type integers or decimals. Do not round. Use ascending order) (e) is the minimum percentage of gasoline stations that had prices between $2.73 and $3.39. (Round to two decimal places as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman