Suppose that the average price for a gallon of gasoline in the Country A is $2.79 and in Country B it is $2.35. Assume these averages are the population means in the two countries and that the probability distributions are normally distributed with a standard deviation of $0.25 in the Country A and a standard deviation of $0.20 in Country B. (a) What is the probability that a randomly selected gas station in Country A charges less than $2.50 per gallon? (Round your answer to four decimal places.) 0.1314 x (b) What percentage of the gas stations in Country B charge less than $2.50 per gallon? (Round your answer to two decimal places.) 0.69146 x% (c) What is the probability that a randomly selected gas station in Country B charged more than the mean price in the Country A? (Round your answer to four decimal places.)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Suppose that the average price for a gallon of gasoline in the Country A is $2.79 and in Country B it is $2.35. Assume these averages are the population means in the two countries and that the probability distributions are
normally distributed with standard deviation of $0.25 in the Country A and a standard deviation of $0.20 in Country B.
(a) What is the probability that a randomly selected gas station in Country A charges less than $2.50 per gallon? (Round your answer to four decimal places.)
0.1314
x
(b) What percentage of the gas stations in Country B charge less than $2.50 per gallon? (Round your answer to two decimal places.)
0.69146
X%
(c) What is the probability that a randomly selected gas station in Country B charged more than the mean price in the Country A? (Round your answer to four decimal places.)
Transcribed Image Text:Suppose that the average price for a gallon of gasoline in the Country A is $2.79 and in Country B it is $2.35. Assume these averages are the population means in the two countries and that the probability distributions are normally distributed with standard deviation of $0.25 in the Country A and a standard deviation of $0.20 in Country B. (a) What is the probability that a randomly selected gas station in Country A charges less than $2.50 per gallon? (Round your answer to four decimal places.) 0.1314 x (b) What percentage of the gas stations in Country B charge less than $2.50 per gallon? (Round your answer to two decimal places.) 0.69146 X% (c) What is the probability that a randomly selected gas station in Country B charged more than the mean price in the Country A? (Round your answer to four decimal places.)
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